Insights

Could the Inherited IRA Be Eliminated?

While it’s always unclear what will come out of Washington, it appears that the inherited IRA (also known as a ‘stretch’ IRA) may be on the chopping block. To incentivize retirement saving, the government allows people to make pretax contributions to IRAs and allows the funds to grow without annual tax bills. Ultimately, though, IRAs are tax-deferred, as opposed to tax-free and the government taxes the money when it comes… Read More