Now for the bad news. If it becomes law, the SECURE Act would require most non-spouse IRA and retirement plan beneficiaries to drain inherited accounts within 10 years after the account owner’s death. This is an anti-taxpayer change for beneficiaries who would like to keep inherited accounts open for as long as possible to reap the tax advantages.
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I knew that when I heard the lopsided vote that “We, The Sheeple” were getting screwed!
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Well that didn’t take long before my prediction that there was bad news when both “parties” agree to something to be confirmed!
“We, The Sheeple” are such lamb being led to the slaughter.
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