Delaware financial advisor Pat Ginefra explains that taxes can be a big issue for retirees. His firm preaches getting the “IRS out of your IRA,” which means pay your IRS taxes sooner rather than later.
The Secure Act came out two years ago and has two significant implications on IRAs. First, it moved the required minimum distribution age to 72, and second, it decreased the inherited IRA window to 10 years for liquidation. This second move has hampered the generational transfer of wealth.

For more Right on the Money:

To learn more about Pat Ginefra, visit:

Investment advisory services offered by duly registered individuals on behalf of ChangePath, LLC a Registered Investment Adviser. ChangePath, LLC and are unaffiliated entities.

Licensed Insurance Professional. Respond and learn how financial products, including life insurance and annuities can be used in various planning strategies for retirement. The information in these videos is for informational purposes only. Opinions expressed are solely those of Any references to ‘Lifetime Income,’ ‘Income You Can’t Outlive,’ or the like refer only to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.