Gunster tax attorney Freddie Brackin was recently interviewed by 401k Specialist magazine for an article on the SECURE Act’s new 10-Year Rule and what advisors should consider when it comes to their clients.
The SECURE Act makes significant changes to the way that most inherited retirement accounts will be distributed. In most cases under the SECURE Act, where the beneficiary is not the surviving spouse, the retirement account assets will have to be distributed within 10 years following the death of the account owner. Individuals should review their beneficiary designations and meet with their advisors to determine if they need to make any changes in light of the enactment of the SECURE Act.
Brackin focuses his practice on personal and business tax related matters. He counsels clients on how to successfully deal with complex tax issues so that they may save as much money as possible.
Read the full article here: ‘Stretched’ Out: Adjusting to SECURE Act’s New 10-Year Rule