Tag: IRAs
Engaging Retirement Clearinghouse should markedly reduce leakages and increase saving. Rejoice! Vanguard has hired Retirement Clearinghouse LLC to automatically transfer small balances from one 401(k) plan to another. This is a win for Vanguard and its customers, for Retirement Clearinghouse, which has been working on this project for many years, and for the retirement system…
The current Required Minimum Distribution (RMD) rules are a useful tool to ensure that the favorable tax provisions associated with retirement plans are used to generate retirement income – not to enhance the size of estates. But given the current collapse of financial markets, Congress was right to suspend the RMD for 2020 as part…
