IRS Issues Notice on SECURE Act 10-Year RMD Rule
Submitted by Financial Investment Management | Conscience Bay Capital on November 16th, 2022
When the SECURE Act was enacted into law at the end of 2019, one of the provisions required inherited IRAs to be liquidated over 10 years. The IRS has been working over the past two years to write the regulations that will implement this provision of the SECURE Act and provide guidance for inherited IRAs. The IRS released final guidance on October 7.
