Stretch non-qualified annuity

Submitted by Robert Wright on Wed, 2020-01-08 20:01

Some non-qualified annuities (not IRA annuities) were able to be stretched when inherited by a designated beneficiary.

Are these non-qualified annuities subject to the same 10 year rule due to the SECURE Act as IRAs now are subject to the SECURE Act?

i.e. non-eligible beneficiaries must withdraw all money from the non-qualified annuity within 10 years?

thanks.

Permalink Submitted by Alan - IRA critic on Thu, 2020-01-09 00:31

No, the Secure Act does not apply to NQ annuities, so no changes to the stretch options offered by the insurance companies.