The first to be passed by the House of Representatives on Thursday, May 23rd, was the Secure Act, and there’s similar bill in the Senate called the “RESA” (Retirement Enhancement and Savings Act). Both bills would significantly change the retirement system in America, and both seek to pay for the expenses with revenue generated from pre-tax accounts changing hands from their Baby Boomer owners to their Gen X and Millennial non-spouse beneficiaries.
Continue reading “Pending Legislation Could Affect Inherited IRAs – In a BIG Way”