Beyond the Bell

Indexing is a term that is thrown around a lot in the investment space. Admittedly, I forget that this is a finance term that not all investors fully grasp or understand. So, what is an index fund?

People I speak with have often thought a lot about leaving an inheritance. I encourage all my clients to check their beneficiaries, make an estate plan, and review and revise it, as necessary. However, it’s not as often that I have a conversation with someone planning to be on the other side of those estate plans. Although many of us may find ourselves as the beneficiary of an inheritance at some point in our lives, it’s less common to have a plan for that event.

In July 2024, the IRS finalized regulations regarding required minimum distributions for inherited retirement accounts, providing crucial clarifications on the provisions established by the SECURE Act 2.0. This legislation significantly reshaped retirement savings laws, particularly concerning how distributions are managed for beneficiaries of retirement accounts inherited in 2020 or later, especially non-spousal ones. I’m Elizabeth Hutton, Vice President and Certified Financial Planner at Howe & Rusling. In today’s Street$marts we will tackle the implementation of the 10-Year Rule, which mandates that most non-spouse retirement account beneficiaries must fully deplete the inherited account within ten years of the original account holder’s death.