Navigating the Post-SECURE Act LandscapeNavigating the Post-SECURE Act Landscape

The Setting Every Community Up for Retirement Enhancement (SECURE) Act, enacted in December 2019, significantly transformed the landscape of inherited retirement accounts. In
July 2024, the Internal Revenue Service issued final regulations updating the required minimum distribution (RMD) rules applicable to qualified plans, including Internal Revenue Code Section 401(k) plans, to reflect changes made by the SECURE and SECURE 2.0 Acts. These regulations generally follow proposed regulations released in 2022. 

See-Through Trust Challenges 

Even though before 2020, all designated beneficiaries could take a life expectancy payout from an inherited retirement plan, many grantors (specifically the parents of the beneficiary) often anticipated th...