Forbes:  “the new stretch IRA limits, which Finance Committee Chairman Max Baucus (D-Mont.)  first floated in the Senate last year, would require most retirement accounts inherited by anyone other than a spouse to be distributed (and in the case of non-Roth accounts taxed) within five years of the owner’s death. Disabled heirs would still be able to stretch out withdrawals over their life spans and minor heirs wouldn’t have to take all the money until reaching 26.”  The article lists four steps to take if the legislation becomes law.