03.11.22
New Tax Rules Force Faster Payouts for Some IRA Holders
by: Laura Saunders
Guidance from the IRS on required withdrawals from IRAs, issued in late February, would speed up required payouts and add paperwork for heirs of traditional IRAs but not for heirs of Roth IRAs. They also won’t affect most spouses who inherit retirement accounts. The new rules fill in details of the Secure Act passed in 2019 that revised rules for retirement plans.
Read the full article on Wall Street Journal