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

Ally6770   |     |   1,926 posts since 2010

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.

lou   |     |   653 posts since 2010
I wonder if they would make it retroactive?