Ep 15: Death Of The Stretch IRA
Back on Episode #2 of this podcast, we talked a lot about how the Stretch IRA might disappear if a piece of legislation called the SECURE Act was signed into law. Well, now it is indeed the law of the land. The Senate passed the House's bill and President Trump signed it right before 2019 came to an end and the law went into effect at the start of 2020. So while the law does bring some good retirement planning developments, it's also going to carry some negative impacts for certain investors.
If you have a high net worth, have a large IRA or 401(k) account or plan to pass money on to the next generation then you'll want to listen up to this episode. The Stretch IRA is dead and some good opportunities passed away with it, but that doesn't mean you're left without alternative solutions.
