Tag Archives: IRA

Federal Tax Update to IRAs Will (Further) Impact State Escheat Requirements

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Last week, our Unclaimed Property Group examined the recently enacted SECURE Act and the significant changes the new law makes to the treatment of IRAs for state escheatment purposes. Lengthens required minimum distribution age from 70.5 to 72 Repeals maximum age for traditional IRA contributions Latest federal tax development to impact the unclaimed property treatment of IRAs Read the full advisory here. [...]Read more