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The ABCs of Estate Planning for IRAs Under the Secure Act

A quick start guide simplifies planning choices for clients’ retirement benefits.

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The Secure Act of 2019 created a confusing new array of different “required minimum distribution rules” for “plain old designated beneficiaries” and five classes of “eligible designated beneficiaries." Meanwhile, the IRS’ complicated “minimum distribution trust rules” are still with us, even though the rewards for successfully navigating the same are diminished.