The recently passed SECURE Act has made several changes to retirement plans, some of which could result in an increase in the amount of money being left to charities.
Read the article, “The SECURE Act Could be a Boon for Charities,” that Howard Hook wrote for Forbes. He discusses two significant changes:
- Increase in Required Minimum Distribution Age to 72
- Limitation of Ability to Stretch RMDs from Inherited IRAs and Other Qualified Plans