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Expert Analysis

SECURE Act All But Kills Retirement Wealth Transfer Strategy

By Michael Schwartz (January 29, 2020, 5:24 PM EST) -- On Dec. 20, 2019, President Donald Trump signed into law the Setting Every Community Up for Retirement Enhancement, or SECURE, Act, effectively closing the tax loophole known as the stretch individual retirement account. The stretch IRA loophole has existed for over 20 years, and its closure could result in a significant tax increase for individuals inheriting 401(k) accounts and IRAs after 2019....

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