I would like to amplify some items mandated by the SECURE Act of 2019, effective Jan. 1, 2020:
The beneficiary is a minor child of the deceased IRA owner. He or she may take RMDs based on his or her life expectancy, but this life expectancy, or stretch period, ends when the minor attains majority, which is age 18 in most states or a maximum age of 26 if the beneficiary is still in school.
This item is available in full to subscribers.
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you have an active digital subscription, then you already have an account here. Just reset your password, if you've not yet logged in to your account on this new site.
If you are a current print-only subscriber, and want access to our website,click here to view your options for changing you subscription level.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
