Reply to If you are keeping an inheritance separate from marital funds, how do you handle inherited IRA

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why "thanks Trump"? This money has never been taxed, it's always the law that pre-tax funds get taxed when withdrawn, has nothing to do with who is president.[/quote]

The SECURE Act of 2019 put a ten year time limit on withdrawing from inherited IRAs. Before that law, you could stretch the withdrawals out more. This hurts people who inherit money when they are younger and are still working. [/quote]

Meh, it prevents the money from remaining untaxed for decades.  If op had her way, she’d just pass it on to her own kids as an inheritance some forty-odd years from now.  I inherited an IRA from my father and I think 10 years is plenty of time to distribute the funds.  [/quote]

No if I had my way I could at least wait until 65 to take the money out instead of being punished for the fact that I happened to inherit money in my peak early years vs when I was approaching retirement. I make a lot more than my parents ever did so this money is being taxed at a much higher rate than if my parents hadn’t put it in a 401K.[/quote]

This is why we are leaving our kids ROTH IRAs. [/quote]

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