Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
Immediate vs. Deferred Annuities

Despite not being as well known as some other retirement tools, annuities account for 6.5% ...

See more
According to Young Investors, Progress Toward Goals Matters Most

Younger and older investors are likely to have different preferences in music, movies, and fashion. ...

See more
Guiding Your Aging Parents Through Life’s Next Chapter: A Strategic Overview

In today’s aging society, many families face the responsibility of caring for elderly parents. This ...

See more

Proposed IRA Stretch Law Which Could Cost You & Your Kids Lots of Money

May 9, 2019

Congress has a way of keeping things interesting, don’t they? HR 1994 is also known as the SECURE act. SECURE stands for “Setting Every Community up for Retirement Enhancement”, but as is often the case-it may have you feeling a little less than “secure.”

It has support on both the Democratic side as well as the Republican side and there are similar bills in both Senate and House of Representatives. There’s a lot to take in on the proposals, and it is just a proposal but a few things to keep an eye on:

  1. the required minimum distribution age would be raised from 70 1/2 to 72 (not that big of a deal),
  2. IRAs which are inherited may need to be completely distributed within a five-year, or a 10 year window (a pretty huge difference from now where a beneficiary is able to stretch – and therefore not have to pay the taxes – over their life expectancy.)

The consequences can be huge. Imagine being forced to take income (and therefore have to pay higher income taxes) on income which you don’t need now, and could’ve possibly deferred under the existing law.

There are planning opportunities now, and on our legal planning, tax planning and financial planning practices we are having conversations regarding the same. Again, it is not law yet-but when you have both Democratic and Republican support (very rare), it does increase the odds that something is going to go through.


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
Immediate vs. Deferred Annuities

Despite not being as well known as some other retirement tools, annuities account for 6.5% ...

See more
According to Young Investors, Progress Toward Goals Matters Most

Younger and older investors are likely to have different preferences in music, movies, and fashion. ...

See more
Guiding Your Aging Parents Through Life’s Next Chapter: A Strategic Overview

In today’s aging society, many families face the responsibility of caring for elderly parents. This ...

See more