If you are the beneficiary of a Traditional IRA account there are a few rules you need to be aware of. If the person who owned the account at the time of their death was someone you did not marry and they were at least 10 years older or younger than you, here are a few rules to keep track…
Tag: IRA
Thoughts on the Newly-Enacted SECURE Act
Recently signed into law, the SECURE Act became effective January 1, 2020, and affects the rights of some people who inherit IRA accounts. Specifically, it applies when an account holder leaves his or her IRA to someone other than a spouse (a friend, child, or other relatives, whom a lawyer would call a “non-spouse beneficiary”). The law changes the time…