Over the last few years, significant changes have been made to how retirement accounts are managed after death, especially with new RMD rules. In July, the IRS issued its new Final Regulations regarding the SECURE Act’s provisions.
In this episode, hear Tyler Emrick, CFA®, CFP®, break down the key provisions, including the 10-Year Rule for beneficiaries and updates to RMD timelines, and how these changes impact your retirement and estate planning.
Here’s some of what we discuss in this episode:
- What the SECURE Act changed when it passed in 2019 and what’s been updated since?
- Which accounts are impacted by this and how does it impact taxes and estate planning?
- Who are designated beneficiaries and what are the differences between eligible and non-eligible?
- The 10-year rule for inheriting these accounts and what you need to know.
- The new RMD rules that will begin in 2025.
- Additional rules dealing with the surviving spouse, successor beneficiaries, and RMD ages.
Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
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