What the New Emergency Retirement-Distribution Draft Guidance Means for Annuities

August 7, 2024 by Allison Bell

The Internal Revenue Service recently began a regulatory project that could turn some annuity owners’ retirement accounts into rainy day funds.

IRS officials posted draft guidelines for implementing sections 115 and 314 of the Setting Every Community Up for Retirement Enhancement (Secure) 2.0 Act, or Secure 2.0, which added two important exceptions to Internal Revenue Code section 72(t).

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Originally Posted at Think Advisor on July 30, 2024 by Allison Bell.