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Day: June 6, 2024

IRS waives mandatory withdrawals from certain inherited individual retirement accounts — again

As many of you know, the Secure Act of 2019 drastically changed how non-spousal beneficiaries could inherit an IRA. Since the change, it has been unclear whether beneficiaries have to take out minimum distributions during the 10 year “stretch” period. Unfortunately, the IRS still has not provided guidance on that fact. CNBC published a helpful […]

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