IRA’s One Year After the SECURE Act

Just over one year into the SECURE Act, and it is still not common knowledge that inherited IRA’s by non-excepted beneficiaries on or after January 1, 2020, require full distribution within 10 (ten) years and can no longer be “stretched out” over the person’s lifetime. Reed Longyear Malnati & Ahrens, PLLC – Attorney Joshua M. Reinertson drafted a great blog post covering the basics. If you have any questions after reading the blog post or your prior estate plan relied on an IRA beneficiary stretching out distributions beyond 10 years, now is a great time to have a conversation with your estate planning attorney to determine if anything should be changed to ensure your testamentary intentions are achieved under current legislation.