2 thoughts on “Forbes post, “Will The SECURE Act Make Your Retirement More Secure?”

  1. The provision of the SECURE Act that “accelerates” distributions from IRAs and 401(k)s has not gotten much comment. For inherited IRAs and 401(k)s, the required distribution for a person who inherits the IRA/401k will be 10 years instead of life-expectancy (with exceptions for spouses of the IRA owner/employee, disabled or chronically ill individuals, individuals no more than 10 years younger than the IRA owner/employee, and children of the IRA owner/employee who have not reached the age of majority). For those whose wealth exists largely in an IRA/401(k)–wealth accumulated as wage slaves–changing the rules now seems unfair. Adult children of these wage slaves–the future beneficiaries of the IRB/401k–are not doing so well. A more equitable source of funds to pay for the SECURE Act would be elimination of the carried interest deduction, which is a special interest loophole that benefits private equity and hedge fund financiers. Or maybe to lower the amount that is exempted from estate tax (now $11.4 million for singles and 22.8 million for couples), which benefits the non-wage slave, truly wealthy.


  2. This is halarious in that just a couple years ago had the DOL had their way, annuities would not be allowed in IRA’s and their advisor still be able to continue providing advice while receiving compensation. Now they’re going to be available in the company sponsored plans!


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