PRAP / Investment
#41
#42
Gets Weekends Off
Joined: Mar 2018
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#43
Yes, but your heirs will lose the benefit of tax free compounding over a longer period of time. From a Forbes article explaining what would happen to a $1M IRA left to an heir.
#44
Gets Weekends Off
Joined: Mar 2018
Posts: 3,633
Likes: 209
However, when you read the bill itself, section 401, in which the 10 year rule applies to children which have reached the age of majority, appears to only apply to defined contribution plans.
Check it out yourself...
https://www.congress.gov/bill/116th-congress/house-bill/1994/text#toc-H084B5EBD76DF47C0B895121999E2270E
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