New Treasury Regulations under the SECURE Act: Estate Planning and Retirement Planning Implications

Learn how the SECURE Act, which was signed into law in late December 2019, as it will be implemented by the IRS under new Proposed Regulations issued on February 23, 2022, alters the income tax impact of retirement plan distributions for you, your clients, and their families. The SECURE Act shortens the so-called “stretch” distributions that have been available for most (but not all) non-spouse beneficiaries of inherited IRAs and other retirement accounts. Learn many other notable retirement planning changes under the SECURE Act and the new Proposed Regulations.  
Some of the notable changes include:

• New ten-year rule for distributions from inherited IRAs and other retirement plans
• Life expectancy distribution rules still available from inherited IRAs for disabled or chronical "ill beneficiaries, minor children (but not grandchildren) of the IRA owner (until they reach age of majority), spouse of the IRA owner, beneficiary less than 10 years younger than IRA owner
• An age increase for beginning required minimum distributions from age 70 ½ to age 72.