Minimize the Tax Burden of the SECURE Act's 10-Year Payout

Overview

After the death of a retirement plan participant or IRA owner, non-eligible designated beneficiaries of a retirement account (other than a Roth) will experience an acceleration of taxable income and the loss of tax-deferred growth that was available before the enacted SECURE Act (Setting Every Community Up for Retirement Enhancement). This is the third in a four-part blog series on the SECURE Act (see here for Part 1 and Part 2). If it is important to you to minimize the additional future income tax caused by the Act's 10-year payout, there are several items worth considering.

This content is available to FOX Members only.