The SECURE Act eliminated the stretch inherited 401(k) for most non-spouse beneficiaries, replacing it with a hard deadline: the entire balance must be distributed within 10 years of the original owner's death.
Saving for retirement in a traditional IRA or 401(k) can make more sense than socking money away in a Roth account. That's because traditional retirement accounts give you a tax break on your contributions. If you're a higher earner in a higher tax bracket, that tax break may be very valuable to you. Plus, you might earn too much money to contribute to a Roth IRA directly, making a traditional IRA a better bet.
