The SECURE Act

The SECURE Act (Setting Every Community Up for Retirement Enhancement Act) was first enacted in 2019 and expanded by SECURE Act 2.0 in 2022. It made sweeping changes to retirement account rules, many of which have significant implications for estate planning. Most notably, the Act eliminated the “stretch IRA” for most non-spouse beneficiaries and introduced a 10-year payout requirement.

The SECURE Act ended this option for most beneficiaries, requiring full withdrawal of inherited IRAs within 10 years of the original account owner’s death, often increasing tax exposure and disrupting long-term planning strategies. Join us for an informative webinar, led by Marlee Stever, Esq. who will provide insight on the SECURE Act and how it can impact you.

Topics to be discussed during the webinar include:

• A summary of the original SECURE Act and SECURE Act 2.0;

• the elimination of the stretch IRA and introduction of the 10-year rule;

• who qualifies as an “Eligible Designated Beneficiary” and what that means;

• how to approach naming trusts as IRA beneficiaries post-SECURE;

• impacts on conduit vs. accumulation trusts;

• planning considerations for clients with retirement accounts; and

• actionable steps for updating estate plans to comply with and optimize under current law.