3 new retirement rules that may change retirement as we know it paid Impact_Partner
There are three pending proposals being considered in Congress that may change the landscape of retirement savings and distributions. The goals are to increase the flexibility of retirement savings, correct the Social Security solvency, and added protection for those receiving pensions. There are many advantages and a few drawbacks that will come at a cost to the working class, small business owners, and beneficiaries.
Increased tax credits will be available for startup costs up to 50% of a small business's new retirement plan. This increases from $500 annually to $5,000 maximum tax credit. — The bill proposed a major change in reducing the ability for an inherited stretch IRA for beneficiaries, which can be a disadvantage for estate planning. There will be a 10-year time limit for a non-spouse beneficiary to defer the distributions and income taxes on an inherited IRA.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Annuity options may be coming to your 401(k). Here's whyAlthough the idea of guaranteed income in retirement may appeal to many people, experts say it's important to fully understand the pros and cons of annuities before buying one.
Consulte Mais informação »
Hong Kong police association to build retirement property for staff in mainland ChinaA Hong Kong police association has told its members it is in talks with Chinese ...
Consulte Mais informação »
Photo of ex-Goldman CEO Lloyd Blankfein loving retirement shows how dramatically he's 'lost stature''I knew I’d lose stature when I left my old job,' Blankfein wrote on Twitter. 'Thank you Harvard basketball team for rubbing it in!!'
Consulte Mais informação »
Millennials aren't counting on Social Security for much help in retirementSocial Security is a central pillar for current retirees and baby boomers. Younger generations are predicting a different outcome.
Consulte Mais informação »
The price tag for Ken Fisher’s lewd remarks: nearly $1 billion, and countingAfter a media backlash, retirement firms around the country have moved money away from Ken Fisher’s advisory firm, and other companies are reviewing their...
Consulte Mais informação »