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Many IRA owners have named trusts as their IRA beneficiaries. You may be one. Trusts offer control from the grave and can be a smart choice, especially to protect beneficiaries who may be minors, have special needs or simply are not good with money. Naming a trust as an IRA beneficiary has always had its problems. The rules are complicated and having a trust drafted and administered can come with a hefty price tag. The ability to stretch RMDs over a trust beneficiary’s lifetime, however, was often enough to outweigh the negatives. The SECURE Act changes this equation. Enter the SECURE Act Under the SECURE Act, most beneficiaries will no longer get the stretch. Instead, most beneficiaries, including trusts, will be subject to a 10-year payout rule. That means all the funds in the inherited IRA must be paid out either to the trust or the trust beneficiaries within 10-years.

Roth money for legacy only. I am 75 yrs old. I have existing Roth (over 5 years) in Jackson Annuity...

I have a client whose father passed away in 2019. His IRA and his Roth IRA named his Living Trust...

My wife and I each have a Roth which were opened more than 8 years ago. We are both over...

I’ve seen some conflicting information from experts on this question so it may be one of those where Treasury will...

A client walks in my door with a 401(k) account that’s currently titled “The Estate of Bob Loblaw”. She told...

Question: Can a QCD be used to pay dues to a charitable organization? Answer: This is an area where we receive a lot of questions. To qualify as a QCD, there cannot be any benefit back to you from the funds that go from your IRA to the charity. Paying dues required for membership would be a benefit back to you and as such would not qualify as a QCD. Question:

If an ira is left to the estate of owner, does that take out the 10 year rule? Does this...

Sorry, I know this is an IRA forum, but a lot of folks here seem to knowledgable in the non-qualified...

My apologies, as I assume this has been addressed earlier, but I have not found the thread for it. Pre-SECURE,...