Tag: retirement plans
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…
The brief’s key findings are: Since many workers lack retirement plans at work, some states are setting up programs that require employers without a plan to enroll workers in an IRA. Oregon was the first state to launch its auto-IRA and is now providing initial data on how workers and employers have responded. On the positive side,…
