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  • robin foster

Inherited IRA Changes, Medicare Shopping...and Phil's Barbeque?

Updated: Jan 4


Hello everyone, I hope this email finds you doing well. I wanted to pass along a couple updates for those of you who might be interested. The first is this article about a recent IRS interpretation of the Secure Act that changes the rules regarding inherited IRAs. It's pretty dry reading, but the long and short of it is this: If you inherit an IRA from an owner who was over age 72 at the time they died, there are additional restrictions on the beneficiary's withdrawals from the IRA account. (It's not just the 10 year rule you may have heard about). There's not a whole lot we can do to plan around this as I see it, but it's good to know how these things work. Secondly, there's apparently some Medicare planning opportunities that were completely off of my radar. (Luckily, it won't be something I have to worry about for a couple decades). You, however, may want to take a peek at this article if age 65 is around the corner. Apparently, some planning in this area could be very helpful (and save you money too)! Lastly, a financial planner colleague of mine, Jason Lavely, is offering a free educational event for those of you who are interested. It's called "Understanding Social Security" and it's being held at Phil's BBQ. (See the flyer attached). It's an opportunity to learn about one of the most misunderstood aspects of retirement and to get some good food if you're interested. That's all for now. As always, if you have any questions regarding your own estate planning, don't hesitate to contact me. Take care, Jason Ebert






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