Retirement and Estate Planning Opportunities after the SECURE Act

Have a big IRA or a trust? Your strategies for limiting the tax burdens on your beneficiaries may have just changed ... a LOT.

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If you haven’t learned by now, the Setting Every Community Up for Retirement Enhancement Act (known as the “SECURE Act”) was signed into law on Dec. 20, 2019, and went into effect on Jan. 1, 2020. With bipartisan support, it is expected to generate about $15.7 billion in tax revenue over the next decade on the changes to the “Stretch” IRA and $16.4 billion overall, according to the Congressional Research Service.

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AgeLife Expectancy Factor12/31 BalanceRMD Amount
3053.3$500,000$9,381
3152.3$505,338$9,662
3251.3$510,546$9,952
3350.3$515,612$10,251
3449.3$520,522$10,558
3548.3$525,263$10,875
3647.3$529,820$11,201
3746.3$534,178$11,537
3845.3$538,320$11,883
3944.3$542,230$12,240
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AgeLife Expectancy Factor12/31 BalanceRMD Amount
3152.4$500,000$9,542
3251.4$505,172$9,828
3350.4$510,204$10,123
3449.4$515,083$10,427
3548.4$519,796$10,740
3647.4$524,328$11,062
3746.4$528,664$11,394
3845.4$532,788$11,735
3944.4$536,685$12,088
4043.4$540,335$540,335
Disclaimer

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Carlos Dias Jr., Wealth Adviser
Founder and President, Dias Wealth LLC

Carlos Dias Jr. is a financial adviser, public speaker and president of Dias Wealth LLC, in the Orlando, Florida, area, offering strategic financial planning services to business owners, executives, retirees and professional athletes. Carlos is a nationally syndicated columnist for Kiplinger and has contributed, been featured or quoted in over 100 publications, including Forbes, MarketWatch, Bloomberg, CNBC, The Wall Street Journal, U.S. News & World Report, USA Today and several others. He's also been interviewed on various radio and television stations. Carlos is trilingual, fluent in both Portuguese and Spanish.