Video: Planning strategies for designating heirs under new 10-year rule

Bill Cass, CFP®, CPWA®

Bill Cass, CFP®, CPWA®, 03/11/20

The SECURE Act has created more considerations for investors to think about when designating heirs for their retirement assets.

A new 10-year rule sets a timetable for heirs to distribute assets from inherited individual retirement accounts (IRAs) and other retirement accounts. The distribution of significant assets could subject heirs to “bracket creep,” placing them in a higher tax bracket.

In this video, Bill Cass and Chris Hennessey discuss planning considerations for investors choosing beneficiaries for estate plans.

Topics include the following:

  • Consider leaving IRA assets to heirs who may likely be in lower tax brackets
  • Pass non-retirement assets to higher-income heirs
  • Explore the advantages of a Roth IRA conversion
  • Identify other strategies such as a charitable remainder trust (CRT)
Watch the video