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Thursday, February 2, 2023
Kaplan: The Declining Attraction Of Inherited Retirement Accounts
Richard L. Kaplan (Illinois; Google Scholar), The Declining Attraction of Inherited Retirement Accounts, 42 Va. Tax Rev. __ (2023):
As retirement accounts proliferate and develop in worth, American retirees are more and more leaving substantial balances in these accounts to their grownup youngsters, siblings, and different family. Till not too long ago, these new homeowners have been capable of withdraw funds from these tax-favored accounts over their lifetimes as their private circumstances dictated.
However laws enacted in late 2019 and rules issued in February 2022 have sharply restricted the pliability that non-spousal beneficiaries now have relating to these property. This text examines these adjustments, analyzes their influence on the brand new homeowners of inherited retirement accounts, and considers what planning methods at the moment are applicable.
https://taxprof.typepad.com/taxprof_blog/2023/02/kaplan-the-declining-appeal-of-inherited-retirement-accounts.html
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