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Advisor Insights

Is the Secure Act Good or Bad for Trusteed IRAs?

Here’s a look at what a trusteed IRA is and why it was a “dream product” until the Secure Act came along.

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Depending on your view, the Secure Act has either “killed” the trusteed IRA or given it a new lease on life. I’m in the latter camp. From my angle, the trusteed IRA is the perfect cure for one of the biggest Secure Act-created problems--namely, how to control distributions to a beneficiary under the 10-year rule. But if you’re a financial advisor looking for a sales pitch for the trusteed IRA, the Secure Act made your job harder. 

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