SECURE Act Changed IRA and Retirement Plan Inheritance Rules
Submitted by iCapital on February 15th, 2022At the end of 2019, President Trump signed a federal spending package that included the Setting Every Community Up for Retirement Enhancement (SECURE) Act. A provision in this legislation effectively eliminated the "stretch IRA," an estate-planning strategy that allowed an IRA to continue benefiting from tax-deferred growth, potentially for decades.