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.
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