Published On Nov 20, 2023
Secure Act and the Secure Act 2.0 have created some negative consequences for beneficiaries when they're named as an heir in an IRA, 401k, or other retirement account. The type of beneficiary that they are will be important because it'll determine how long they can or should be able to take distributions for once that account is assigned to them, as well as the type and an amount of income tax they might pay.
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https://accountants.sva.com/biz-tips/...
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