Protecting Inherited IRA – Replace Tax Hit With Trust-Owned Life Insurance
Written by: Stanley M. Vasiliadis Esquire, CELA A recently-enacted federal law, The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, eliminated a giant tax break for children (adults and minors) who inherit an IRA from a parent. With limited exceptions, they can no longer stretch withdrawals over their actuarial life expectancy. Instead,