TMTW # 81 – Big Potential Tax Increase/Hit to Retirement Plans

Tax and Money Tip of the Week
Big Potential Tax Increase/Hit to Retirement Plans
February 15, 2012 | No. 81

Congress Considering Major Change for IRAs

 

In the latest transportation funding bill, Congress is considering eliminating Stretch IRAs for people who have a properly designated individual beneficiary on their primary or secondary beneficiary designation form of their IRAs.
 
See the following:
 
http://www.forbes.com/sites/deborahljacobs/2012/02/08/congress-may-crush-key-tool-for-ira-inheritors/
 
 
Hopefully there will be a great public outcry against this legislation since we all will need our retirements to last longer in our golden years. If you so decide, contact your representatives.
 
Keeping you informed..
 
 
Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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