Weekly Roundup Oct. 21 - 25, 2019
Among the best stories from Retirement Daily for Oct. 21 - 25: Impact of the proposed SECURE act on stretch IRA strategies, how to keep from outliving your retirement savings, and signing up for Medicare.
Forecasting whether or not the SECURE Act legislation will become law is impossible to say, adviser Ashok Ramji writes this week in a guest column, but if enough of these proposals do go through, our nation will see the most significant changes to the retirement planning landscape since the enactment of the Pension Protection Act of 2006.
Since the SECURE Act cleared a significant legislative hurdle with its overwhelming passage out of Congress' lower chamber, Ramji says it's important to focus on this bill's ramifications as they pertain to the stretch distribution strategy for IRAs. Under current law, the "stretch" is available for spouse and non-spouse beneficiaries (like children and grandchildren), as well as for qualifying trusts. If eligible under IRS rules and regulations, the stretch allows beneficiaries to take distributions over their life expectancies after the IRA owner's death.
Read more about how that could change under the proposed Setting Every Community Up for Retirement Enhancement, or SECURE, Act, a bipartisan proposal, and what you need to know in The Stretch's Future May Not Be SECURE.
And in case you missed them, here are more great stories from Retirement Daily:
Adviser Dennis Drake says that for those who want a taste of the bull markets without the bite of the bears, this may be the perfect Roth alternative.
A reader asks about the process Social Security uses to determine the impact of employment on disability benefits.
This is the fourth in a four-part series from adviser Jeannette Bajalia about "Elder Orphans," in which she analyzes the challenges we face as we age -- often on our own -- from finances to housing and quality of life. In this column: longevity risk.
This reader has questions ranging from how to sign up to how to get the best medical and drug coverage. We've got answers.
The following are new investments that those saving for or living in retirement might consider for their portfolios. This week: two new exchange-traded funds that use artificial intelligence to evaluate market performance factors.