How you and your 401ks and IRAs might be affected by the SECURE Act

Q: Tammy asked via Facebook, “What is this 10-year rule I keep hearing about regarding my IRAs and 401ks? Should I be concerned?

A: Yes, Tammy, you should be concerned. Most everything you have been taught about how to access your savings within IRAs, 401k, or any other qualified account that you may own has been turned upside down on its “ear.” The Setting Every Commuting Up for Retirement Act (SECURE Act) of 2019 was signed into law on December 20, 2019, as part of the Further Consolidated Appropriations Act in 2020.

The biggest change is that you can no longer “stretch-out” your IRAs or any other qualified account over the lifetime of a non-spousal beneficiary. This is a significant change. Today, the act requires that all beneficiaries of IRAs, 401k, or any other qualified accounts withdraw those inherited monies in no less than a ten (10) year period from your death.

Email us at to gain access to our FREE proprietary calculator that will analyze your best outcomes related to this tax pitfall. There is much to discuss, so please share our link to Dear Derek via Facebook at with your friends and family so that all of your family and friends can stay abreast of key planning techniques and discussions on how to optimize their wealth.