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10 Estate Planning Strategies to Rethink After the Secure Act

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Related: 10 Financial Planning Steps to Take Within 10 Years of Retirement

The Setting Every Community Up for Retirement Enhancement (Secure) Act is noted for the changes made for the beneficiaries of inherited IRAs. But there are a number of other estate planning changes emerging from the Secure Act that could affect your client’s estate planning goals.

Even prior to the Secure Act, your client’s estate planning needs often changed over time. When you add in this sweeping retirement bill and other legislation, monitoring your client’s estate planning situation becomes even more important. It seems that change will remain a constant in this area.

Just recently, the IRS issued an updated ruling on missed required minimum distributions from inherited IRAs under the 10-year rule, highlighting that even almost three full years into the Secure Act, things are still evolving. This means that finalization of all aspects of the Secure Act could affect your client’s estate planning, both surrounding inherited IRAs and in other areas.

Check out the gallery for a list of key estate planning issues arising out of the Secure Act to discuss with your clients.