Impact of New Tax Laws on Retirement Accounts
6 Jul 2024 · 0 min
0:19
Excerpt from a YouTube video ("Impact of New Tax Laws on Retirement Accounts") in which Craig Wear, CFP® explains a 2024 change affecting retirement-account distributions: for 2024, beneficiaries do not have to take distributions to have them count toward the 10-year rule. He warns that future authorities could reverse or enforce catch-up distributions for prior years, potentially causing a large taxable distribution if beneficiaries are later required to take missed distributions.
