Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Maybe An End For Stretch IRA's. Congress Want Them Cashed Out Within 5 Years

Thursday, March 13, 2014 - 9:46 AM
Congress has introduced a new wrinkle regarding inherited IRAs that could potentially affect their taxation. A new bill has been proposed that would require inherited IRAs to be distributed completely within five years of the original owner’s death, eliminating the ability to stretch distributions. As of this writing, the new bill has not yet passed, meaning that stretch provisions are still in place.
8
Ally6770Ally6770942 posts since
Jan 16, 2010
Rep Points: 2,740
1. Thursday, March 13, 2014 - 5:15 PM
I wonder if they would make it retroactive?
4
loulou554 posts since
Aug 3, 2010
Rep Points: 3,434
Reply