The SECURE Act has created more considerations for investors to think about when designating heirs for their retirement assets.
A new 10-year rule sets a timetable for heirs to distribute assets from inherited individual retirement accounts (IRAs) and other retirement accounts. The distribution of significant assets could subject heirs to “bracket creep,” placing them in a higher tax bracket.
In this video, Bill Cass and Chris Hennessey discuss planning considerations for investors choosing beneficiaries for estate plans.
Topics include the following:
- Consider leaving IRA assets to heirs who may likely be in lower tax brackets
- Pass non-retirement assets to higher-income heirs
- Explore the advantages of a Roth IRA conversion
- Identify other strategies such as a charitable remainder trust (CRT)
Watch the video
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