The Death Knell for Stretch IRAs Has Tolled:
On May 23, 2019, the U.S. House of Representatives passed H.R. 1994, also known as the SECURE Act. The Senate is expected to pass a similar bill known as the Retirement Enhancement Savings Act, aka RESA.Key provisions of the SECURE Act include:-Increasing the beginning date for required minimum distributions (RMDs) from 70 ½ to 72;-Repealing […]
