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re: Congress is considering big changes to the way you retire
Posted on 8/11/19 at 7:02 am to Janky
Posted on 8/11/19 at 7:02 am to Janky
quote:
We have been using lifetime stretches on non-spousal IRA’s for as long as I can remember. Hell, you can even do lifetime stretches on NQ annuities.
Shhhhh. He likes to feel as if he’s important.
1
Posted on 8/11/19 at 10:41 am to OleWarSkuleAlum
quote:Feel important about what? That I can read IRS regulations?
Shhhhh. He likes to feel as if he’s important.
Raising the RMD age to 72 rather than the current 70 1/2 would not make sense if the same proposal accelerates the RMD for non-spousal beneficiaries. Based on the limited information in the CNBC article you linked, it's safe to believe the intent of the proposal is to lengthen the required liquidation time from the current 5 years up to 10 years.
Your paranoia is obvious.
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