The SECURE Act – the “Setting Every Community Up for Retirement Enhancement” Act – was signed into law by President Trump on December 20, 2019. The law generally took effect on January 1, 2020. The ...

If a child dies before the account owner, many beneficiary forms default to a "per capita" distribution. This means that the deceased child's share is not passed down to their children (i.e., the ...

Key Takeaways Your 401(k) passes to the person you name on a beneficiary form—not through your will.Spouses and non-spouses face different rules and tax implications when inheriting a ...

The Secure Act of 2019 radically changed the Internal Revenue Code’s rules for required minimum distributions from inherited retirement accounts. Most beneficiaries would henceforth have to withdraw ...

Choosing a primary beneficiary - and contingent beneficiaries - is the only way to ensure that your funds are allocated according to your wishes. The per capita designation is usually the default ...

Retirement accounts often represent a substantial portion of a client's estate, yet the beneficiary designation forms that control their distribution are too often treated as an afterthought. Estate ...