Paul Caron of TaxProf Blog linked to an AP article written by David Pitt and titled Retirement Account Rules Catch Many by Surprise.
There’s some sentiment that a government rule that forces retirees to withdraw money from their IRA and 401(k) accounts when they turn 70 1/2 may need to be changed. That’s because people are living longer and need to keep as much of their retirement money for as long as possible, said several financial advisers and a leader of the Senate Finance Committee.
We’ll keep an eye out for changes in this area, but I wouldn’t expect anything until after the election.
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