New rules for retirement plans

The House Ways and Means Committee is considering several changes to retirement rules. Among them is a change in required minimum distributions (RMDs) from age 70 1/2 to 72, This would delay tax revenue, but the bill’s sponsors say Americans are living longer than when the rules were first established in the 1960s.

Sound logic indeed, but interesting it doesn’t apply to Social Security given there has been a great increase in life expectancy from age 65.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s