F12: The SECURE Act- A New Death Tax?

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed in December 2019 and became law as of January 1st 2020. This far-reaching bill includes significant provisions aimed at increasing access to tax-advantaged accounts and preventing older Americans from outliving their assets. But there is one potential downside: if you inherit an IRA or 401(k) from someone other than your spouse, the SECURE Act could impact your retirement savings plan or strategies to transfer wealth to future generations. Although this bill is far from a cure-all for the nation's retirement challenges, several of the provisions represent a step in the right direction. How familiar are you with this legislation that has financial impacts for Americans at every age?

Purpose: Learn about the provisions of the SECURE Act, with a focus on the complexity the change in the inherited IRA may have on your IRA, and strategies to reduce the final tax bill

Facilitator: Fred Eisenreich