Signed into law in December 2019, the SECURE Act calls into question the benefit of doing this, especially if the Trust provides income for children or grandchildren.
One of the primary goals of estate planning is avoiding probate. Probate is public, time-consuming, and costly.
Social Security Stanford University’s Center on Longevity analyzed and compared 292 scenarios for when to take.
The SECURE Act pushes back from age 70 1/2 to age 72 the age when someone is required to start taking their minimum distribution.
When someone inherits an IRA, the particular relationship between the individual that passed away and the beneficiary dictates the available choices.