After Stretch IRAs, What Retirement Breaks Could Congress Chop Next?
January 28, 2020 by Laura Saunders
Late last year, Congress stung many savers when it curtailed the tax benefits of so-called Stretch IRAs. The change derailed those who carefully arranged for younger heirs to inherit their IRAs, and the only way to preserve the plans was to die before Jan. 1, 2020.
The revision to Stretch IRAs’ substantial benefits makes it a good time to consider other retirement breaks at risk of being trimmed by Congress. That could happen, because tax law is notoriously unstable—even in the area of retirement rules, where savers must plan for decades down the road.
Robert Hickok, a financial adviser who has helped owners of small- and midsize businesses for four decades, says he warns clients about tax shifts:
Originally Posted at The Wall Street Journal on January 17, 2020 by Laura Saunders.
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