How does SECURE act affect client with existing Beneficiary IRA they are currently taking money from?
Are there any IRS bulletins or material stating that if somebody already has a Beneficiary IRA and has been taking money from it for years, that they can continue doing so?
Permalink Submitted by Alan - IRA critic on Fri, 2020-01-31 20:21
The Secure Act is very clear that it does not apply to any IRA owner deaths prior to 2020, so current beneficiaries can continue the life expectancy stretch. However, once the current beneficiary passesi the successor beneficiary will become subject to the 10 year rule.