Mr. Tom Gucciardi, Founder of Global Financial Group explains the most current IRA or any Qualified account you own. Such as a 401 K. Please call 954-804-4381 with questions. ln December 2019, the federal SECURE Act was signed into law which amended several provisions regarding individual retirement accounts. The SECURE Act made the following changes:
Sunday, October 9, 2022
o Disabled or chronically ill
o Any other person who is not more than 10 years younger than the IRA owner.
The new law does not change the ability of a deceased IRA owner's spouse to treat the IRA as their own, but the new rules will apply upon the surviving spouse's death.