Navigating the New Rules: Inheriting an IRA After Secure Act 2.0
With all the changes in the rules concerning inheriting an Individual Retirement Account (IRA) since the passage of the Secure Act 2.0, Chris Boyd answers a series of listener and client questions. Co-host Jeff Perry starts off with a question whether...
With all the changes in the rules concerning inheriting an Individual Retirement
Account (IRA) since the passage of the Secure Act 2.0, Chris Boyd answers a series of
listener and client questions. Co-host Jeff Perry starts off with a question whether
someone taking a Required Minimum Distribution (RMD) from an IRA can also
contribute (and deduct) to an IRA from earned income. The questions turn to how a
beneficiary IRA distribution is handled before and after the effective date of the Secure
Act 2.0. The dialogue continues with specific case scenarios and which rules apply to
each unique set of facts. The issues of inheriting a Roth IRA are reviewed and the
segment wraps up with when it may be appropriate to consider a Roth IRA conversion.
#IRAInheritanceChanges
