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Member since 4/1/08
Posts: 16111
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Posted on: 12/27/19 5:54 PM ET
If you are hovering around age 70 1/2 (U.S.tax payers) look at The Secure Act articles quickly. All retirement savers will want to check this out.

I'm not an accounting professional.
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Each fallen petal reveals a life pollinated by a colony
and nurtured by The Master Gardener.
  
Member since 8/28/02
Posts: 808
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Posted on: 12/28/19 5:38 PM ET
In reply to a7yrstitch
Glad to see if you already inherited an IRA, it is grandfathered in and you don't have to empty it in ten years. But an issue for people who want to bequeath their IRAs to children or grandchildren.
-- Edited on 12/28/19 at 5:39 PM --
  
Member since 4/1/08
Posts: 16111
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Posted on: 12/28/19 6:31 PM ET
In reply to Frances Grimble
Definitely some big changes.

I had been keeping an eye on this. To a certain extent, avoiding a barrage of news but surprised to have heard nothing about the signing on network news. I'll be watching for more details.


-- Edited on 12/28/19 at 7:16 PM --
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Each fallen petal reveals a life pollinated by a colony
and nurtured by The Master Gardener.
  
Member since 4/7/02
Posts: 4792
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Posted on: 12/28/19 6:56 PM ET
In reply to a7yrstitch
Thanks for alerting us to this. Time to review our estate planning.
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Be kind whenever possible; it is always possible ~The Dalai Lama

Windswept and rain soaked wildflowers are the most beautiful. Embrace the beauty of yours! ~Blueviola

Newest projects: Sundress for my niece's wedding in Hawaii, jewelry pouches for a BC support group's craft fair booth. Up next: Aloha shirt for DH, more jewelry pouches.
  
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