Business
In part two of our series on the SECURE Act, we talk about some of the downsides to the changes. Eric explains the stretch IRA and what impact the SECURE Act made on it. Read more about the SECURE Act here: http://petersonfg.com/understanding-the-secure-act-part-2-stretch-iras/ On today's show: 1:11 - The stretch IRA is being eliminated with the SECURE Act. 2:17 - Before the SECURE Act, a non-spouse beneficiary would only have to take out a percentage based on their life expectancy. 4:19 - Why is this changing? 6:17 - What options does a surviving spouse have? 7:19 - What are the exceptions? 9:40 - When does this go into effect?