The New 10-Year Rule Adds More Confusion

The IRS has issued their proposed regulation on the SECURE Act 1.0 which is making the 10-year rule even more confusing. They are requiring the person who inherits an IRA to continue taking the RMD, if the person who passed away was taking an RMD, AND still have the 10-year rule.

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.