RMD redo. Finally, two changes could affect those required minimum distributions that kick in for retirement account holders after age 701/2.
Aggregate balances of $100,000 or less would be exempt from RMDs, but Roth accounts — they take in after-tax contributions and provide tax-free growth and distribution — would be ensnared in RMDs.
Aside from the new myRA accounts, the other proposals would require congressional action — and few policy observers are holding their breath about that.
“None of (the proposals) are very popular,” says Brian Graff, executive director of the American Society of Pension Professionals & Actuaries.
Still, for retirement savers with nest eggs on the line, it pays to stay on top of potential changes like these.
Janet Kidd Stewart writes The Journey for the Chicago Tribune.
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