Tag: traditional IRAs
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…
401(k)s may be the gathering mechanism, but IRAs are where people put their money. Given that private sector households now hold more money in individual retirement accounts (IRAs) than in defined contribution plans (see Figure 1), I am always looking for more info about IRAs. The Investment Company Institute (ICI), an organization dedicated to…
