Stretching your IRA, that is. We all can name anyone we wish as a beneficiary to our IRA accounts. Under current law, a beneficiary may stretch mandatory withdrawals from an inherited IRA over their life time, thus, spreading out the tax liability over their lifetime.
In his 2016 budget, President Obama wants to do away with this withdrawal option. What he wants to revert to is the old law that stated a non-spousal beneficiary had to withdraw all assets from the IRA in 5 years or less. This forces the beneficiary to pay a much larger tax over a much shorter time period.

I like stretching; I hope this option stays as it is.

disclosures:http://www.hechteffect.net/?page_id=31