[20200206]IF11328_继承或“扩展”个人退休账户（IRA）和安全法案.pdf

https:/crsreports.congress.gov Updated February 6, 2020Inherited or “Stretch” Individual Retirement Accounts (IRAs) and the SECURE ActBackground Traditional and Roth Individual Retirement Accounts (IRAs) provide tax-advantaged ways for individuals to save for retirement. Traditional IRA contributions can be tax deductible, but withdrawals are included in taxable income. Roth IRA contributions are not tax deductible, but withdrawals are generally tax free. The Setting Every Community up for Retirement Enhancement Act of 2019 (SECURE Act, enacted as Division O of the Further Consolidated Appropriations Act of 2020 P.L. 116-94; December 20, 2019) modified distribution rules for certain designated beneficiaries following the death of an IRA owner. Prior to the SECURE Act, some beneficiaries continued to receive tax preferences by deferring taxation on IRA assets for a number of years beyond an original owners death. This strategy was sometimes referred to as a stretch IRA, in which the period of asset accumulation of a retirement account was “stretched” past the lifetime of the original account owner. Some stakeholders voiced concerns that inherited IRAs could be used as a tool to pro