​New IRS Rules Create Headaches For Post-2019 IRA Inheritors – Tyler Durden

New IRS Rules Create Headaches For Post-2019 IRA Inheritors It took them four-and-a-half years, but the IRS has issued final rules governing mandatory distributions from traditional 401k’s, IRAs, and other retirement plans inherited in 2020 or later. To the great disappointment of beneficiaries and their financial planners, the agency embraced the most complex procedure possible as it interpreted a law passed by Congress in 2019.  The new rules apply when the deceased IRA owner was old enough to be making required minimum distributions (RMDs) of their own before they died. Currently, that requirement starts at age 73, but in 2020, it was…  — Continue at ZeroHedge News : Read More