Tag: Retirement assets
Why RMDs are important – we do not want to force sales of depressed assets. 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 t…
The brief’s key findings are: With the gradual shift from defined benefit plans to 401(k)s, younger age cohorts would be expected to have more retirement wealth in 401(k)s. However, data for the Late Boomers at ages 51-56 show a surprising drop in 401(k)/IRA assets compared to earlier cohorts at the same ages. Late Boomers wer…
