How to handle IRA beneficiaries under the SECURE Act

February 10, 2021 by Sophia Duffy

We are now a year out from the initial passage of the SECURE Act, which was followed by some further amendments under the SECURE Act 2.0 in late 2020. Your clients may have heard conflicting advice – they must change their IRA beneficiaries, spend down their IRA as soon as possible, dismantle their trust, or immediately convert their traditional IRA to a Roth IRA. Or worse, your procrastinating clients may feel that this problem doesn’t need to be addressed right now since they have a long life ahead of them.

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Originally Posted at Financial Planning on February 8, 2021 by Sophia Duffy.