The passage of the Secure Act prompts the need for thoughtful income tax planning strategies for IRAs post-death. This article lists four important elements of the changin’ analysis.
Taxpayers should consider taking advantage of IRAs of both flavors: Traditional and Roth.
Important read for those approaching age 70-1/2, who will need to begin their required minimum distributions from their IRAs and qualified plans. The rules are technical and this article provides a good summary.