The SECURE Act and Your IRA

SECURE Act Brought Sweeping Changes to IRAs

What have been the main changes SECURE has brought to YOUR Precious Metals or Bitcoin IRA?

SECURE Act Brought Sweeping Changes to IRA

The SECURE Act was unexpectedly passed during the typically quiet Christmas holidays, surprising many in the financial world.

There are certainly a lot of new areas to the legislation, but for those of us with Self Directed IRAs or considering a new Gold IRA there are three key changes effective immediately:

Prior to the Act, RMD was reached at the age of 70½, now it’s been put back 18 months to 72.

Required Minimum Distributions (RMDs) Will Begin at 72

From the 2020 tax year onward, SECURE means it’s possible to go on adding to a traditional IRA, even after the age of 70½.

You Can Continue Contributions to Your IRA AFTER 70½

You can still contribute to your account after 70½, but benefits related to passing on tax-advantaged accounts have been reduced.

Changes to IRA Inheritance Rules Mean No More “Stretch”

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