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Proposed Changes in IRA Distribution Rules for '10-Year Payout' Beneficiaries
Frost Brown Todd LLC
[Guidance Overview] Feb. 27, 2023 "[M]any beneficiaries of IRAs and other retirement accounts who are subject to the '10-year payout' rule under the [SECURE Act] will have to comply with an additional requirement and take a taxable withdrawal distribution from the retirement account in each year during the 10-year payout period. This change will apply as early as 2023 to all individuals and qualifying trusts who are not permitted to use age and the IRS tables to stretch required minimum distributions over their entire life expectancies." MORE >> |
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