The Secure Act went into effect in 2020 and changed the rules of IRA inheritance. Now anyone inheriting an IRA that is not the spouse has to completely liquidate the account within 10 years. Say you inherit a $2 million IRA from a parent. You have to move that money out and be taxed on it. That could move you into a higher tax bracket during your highest earning years. You can end up paying more in taxes than you thought you would. The good news is tax codes can change, just like they did in 2020. Come in and get a tax map done with our sophisticated tax planning software, so we can put together the best plan of action for you and keep as much of your IRA inheritance as we can.