Financing Retirement
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…
Measures of retirement preparedness often suggest that a substantial share of U.S. households are not on track to maintain their standard of living in retirement. And many retirees report regret for not saving enough. Yet, when asked about their life satisfaction, the overwhelming majority – 92 percent – of retired households say…
