In the latest episode of Amplified Wealth's According to Plan, hosts Kate Fishbein and Tom Farrell tackle one of the most confusing yet essential retirement planning topics: the new inherited IRA rules. They break down the changes brought by the SECURE Act and the impact on beneficiaries.
Episode Highlights:
⏰ The 10-Year Rule Explained: Unpack the complexities of the 10-year withdrawal rule and how it affects non-eligible designated beneficiaries.
💼 Inherited IRAs and Tax Planning: Learn about strategies to minimize tax burdens while complying with new rules.
🔔 Eligible vs. Non-Eligible Beneficiaries: Clarify the differences and how each group is impacted by required minimum distributions.
🧑🤝🧑 Spousal Beneficiary Considerations: Explore the unique rules and options for surviving spouses inheriting retirement accounts.
🔍 RMDs and the SECURE Act: Discover how to navigate required minimum distributions based on the age and circumstances of the original account owner.
And much more!
Nothing contained in this presentation should be construed as personalized advice, or solicitation to buy or sell any securities. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. There can be no assurance that the future performance of any specific investment or non-investment related content in this Podcast will be profitable or suitable for your individual situation. Due to changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions. The opinions expressed in this podcast are those of the participants and may not reflect those of the firm. To the extent you have any questions regarding the applicability of anything discussed to your individual situation, you are encouraged to consult with the professional advisor of your choosing. The firm is neither a law firm, nor a certified public accounting firm, and no portion of this content should be construed as legal or accounting advice.
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