Don't Let the SECURE Act Turn Your Legacy into a Windfall for the IRS

The new law takes away the popular "stretch IRA" option for most non-spouse beneficiaries, so to save your beneficiaries potential tax liability, your estate plan may need some tweaks.

(Image credit: Oliver Rossi (Oliver Rossi (Photographer) - [None])

The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, is full of changes — some subtle, some not so much — designed to expand retirement savings opportunities for Americans of all ages.

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Scott Tucker, Investment Adviser Representative
President, Scott Tucker Solutions

Scott Tucker is president and founder of Scott Tucker Solutions, Inc.  He has been helping Chicago-area families with their finances since 2010. A U.S. Navy veteran, Scott served five years on active duty as a cryptologist and was selected for duty at the White House based on his service record. He holds life, health, property and casualty insurance licenses in Illinois, has passed the Series 65 securities exam in 2015 and is an Investment Adviser Representative.