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House committee passes retirement “secure act”
Posted on 4/2/19 at 3:10 pm
Posted on 4/2/19 at 3:10 pm
Ways and Means committee passes a bill that repeals the maximum age for IRA contributions and raises the age for required mandatory distributions from 70½ to 72.
Also, add flexibility to 529 plans to pay student loans. It also looks to increase retirement plans for small businesses.
These are all positives in regards to retirement plans and planning. Surprised the idiots in Washington were able to use common sense approach to current problems regarding these issues.
Also, add flexibility to 529 plans to pay student loans. It also looks to increase retirement plans for small businesses.
These are all positives in regards to retirement plans and planning. Surprised the idiots in Washington were able to use common sense approach to current problems regarding these issues.
2
Posted on 4/2/19 at 3:37 pm to BARNEYSTINSON
quote:
It also looks to increase retirement plans for small businesses.
Do you have a link discussing the changes?
I'm interested in reading up on all of it but especially the quoted portion. I'm currently looking to set up my individual 401k but may hold off if something better may be coming along.
This post was edited on 4/2/19 at 3:46 pm
Posted on 4/3/19 at 6:39 am to BARNEYSTINSON
quote:
add flexibility to 529 plans to pay student loans
Any idea how this would work? Like could I put money in a 529 for myself, get the tax break and then use to pay on my own student loans? Little bit I saw about this suggested it would max at $10k
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