New law NOW in effect: THIS IS ONE OF THE BIGGEST OVERHAUL AND CHANGE IN THE U.S. TAX CODE IN HISTORY. Beginning January 1, 2020, the Secure Act does away with the STRETCH IRA. What does this mean for you? You can no longer stretch the inherited IRA over your lifespan. Now, you only have 10 years to take distributions. This means a $15 BILLION windfall for the U.S. government. However, RMDs are now pushed back to age 72, they are not longer 70½. and you can tap you 401(k) for child fertility and adoptions, 529s and more.