Blog | Amy McGarry Law Office, PL.

What is the Secure Act and Could It Impact My Stretch IRA?

The SECURE Act of 2019 was passed earlier this year by the US House of Representative. It was expected to be considered by the U.S. Senate in the fall. The correct name for this proposed law is the Setting Every Community Up for Retirement Enhancement Act of 2019. Many believe that this bill will be passed by both branches of Congress before 2020. The SECURE Act will eliminate the current rules that presently permit non-spouse IRA beneficiaries to "stretch" required minimum d

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