The SECURE Act Planning for Impact on Inherited IRAs

The elimination of the “stretch” IRA in favor of the “10-year rule” has significant implications to IRA owners.  This change will decrease wealth transfer and require estate plan updates.  Every advisor needs to understand the impact and the planning possibilities.  In this presentation, Jim Rosa will cover the following points:

•  Review the stretch IRA provisions which still applies to inherited IRAs for an IRA owner who died before 2020
• The conduit trust RMD problem and solutions – why most conduit trusts may not be appropriate
• Reformations and decanting to avoid a spendthrift
• Selecting the right “heir” to receive the IRA and the best strategy for different beneficiaries 
• Managing family tax brackets
• Understanding the taxation of trusts named as IRA beneficiaries
• Using Charitable Remainder Trusts
• Roth IRA conversion planning
• Life insurance may be a solution especially with the charitably minded

Presented by:  James M. Rosa, Principal at HBK