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Inheriting a parent’s IRA or 401(k)? Here’s how the SECURE Act could create a disaster

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A bunch of mumbo-jumbo. Regular IRAs and 401Ks have always been tax deferred. When the money is withdrawn that can't be placed in something else tax deferred, it's taxed. When you're dead you're dead. Saying things are a disaster is just a headline to get clicks.

 

If anyone is planning to die, do me a favor and let me inherit your IRA. I'll pay my the tax rate in the amount and stick the rest in my savings or checking account.

 

Edited by Burgerwars

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That's a very simplistic perspective. From an inheritance tax planning perspective it's an entirely negative development. It says it's expected to provide tens of billions in extra tax revenue so it's obviously a big deal. 

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