An IRS Update for IRAs in 2024

Mr. Stillman's Opus

The IRS first made significant changes to the stretch IRA with the introduction of the SECURE Act in 2020, and they’ve since made a few updates. Now the IRS has tweaked things even further for 2024 and we’re going to fill you in on what you need to know in this video.

We’ll discuss the implications of the recent changes made by the IRS, including the new rules for inherited IRAs and the importance of having a well-thought-out plan for withdrawals.

Here’s what we discuss in this episode:

0:00 – Intro and background on the stretch IRA

4:00 – The update for 2024

5:58 – Is this significant?

Read more about the change here:

https://www.cnbc.com/2024/04/19/irs-waives-required-withdrawals-from-some-inherited-ira-for-2024.html

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