The Death Of The Stretch IRA

[rjmacs]

Sarcany wrote:
And I'm pissed off that this is just another way to screw the middle class to pay for the tax cuts for the ultra-wealthy.

:agree:


.

Sarcany wrote:
..My parents intended an inherited IRA to work like an allowance for my brother who cannot work and has trouble managing money. This will mess that up. Make him take the money over 10 years and the money will be gone in 10 years.

That stinks, but how were they going to stop him from excessively withdrawing funds from the IRA anyway? Would he be willing to accept a defined annual payout amount set by someone else? If so, could that person control the funds and disburse them on a transparent and legal schedule? There would be costs, of course, but still a lot cheaper than a traditional trust.