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SECURE Act Proposed Regulations Impact 10 Year Distribution Rule Bigly!March 16, 2022 - 12:16 PMOne of the biggest changes made by the SECURE Act was the imposition of a 10 year distribution rule for certain IRA (and other defined contribution-type retirement account) beneficiaries. This 10 year rule applies when the account owner dies after December 31, 2019. Under the new 10 year rule, most non-spouse beneficiaries must withdraw the […]
Wash Away Debt in Bankruptcy and Keep Your IRA? Yes, You Can Do It.May 27, 2021 - 9:24 AMFinancial planning isn’t always about champagne dreams and caviar wishes. For many, it is simply about not drowning in debts after retirement. I recently met with a client to discuss her options dealing with significant credit card debt. She is nearing retirement and did not know how she could make ends meet on a fixed […]