The Secure Act: What Advisors Should Know

Wednesday, December 18, 2019

News & Press

The demise of the stretch IRA is likely to be unwelcome among financial advisors, who have counseled clients to use them as a way of passing down wealth while minimizing the tax hit. An heir could slowly draw down an inherited account over many decades. But the new 10-year deadline would make the IRA a “lousy estate planning vehicle,” retirement expert Ed Slott tells Kapadia.