Security for Disabled and Chronically Ill Beneficiaries

The Setting Every Community Up for Retirement Enhancement (SECURE) Act dramatically changed the required minimum distribution (RMD) rules established in Internal Revenue Code Section 401(a)(9) for most non-spouse individuals who inherit individual retirement accounts and employer plan benefits, including IRC Sections 401(k) and 403(b) plans. Most non-spouse individual beneficiaries, who are called “designated beneficiaries,”¹ must take their benefits using the new 10-year rule set