Archive: Alicia H. Munnell

Blue notebook with roth and traditional 401(k)s written next to each other with + and - signs underneath

Eliminating required minimum distributions makes Roth 401(k)s much more valuable. Something snuck by me.  The SECURE 2.0 Act eliminated required minimum distributions (RMDs) for Roth 401(k)s.  At first glance, that change seems relatively harmless.  After all, the account holders paid taxes up front, so why force them to withdraw their money.  What that rationale ignores…

Young doctor helping an older woman use a walker

Even the best-laid plans can go awry.  Individuals face many hurdles to adequate planning for retirement and, even when precautions are taken, they may be overwhelmed by a big enough shock.  In particular, large medical and long-term care spending shocks can devastate retirees’ hard-won finances…