Frugal savers bulls-eyed as Congress move to end “stretch” IRAs.
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According to a WSJ recap…
Conventional financial planning wisdom has been to put as much money as possible into IRAs and 401Ks … starting early, maxing plan contributions, benefiting from company matches, growing accounts tax-free … and, if you don’t end up spending all of the dough in retirement, pass anything left in the pot to heirs.
While that basic logic still holds, Congress is moving to throw a monkey wrench into the works by substantially increasing the tax burden on heirs.
Here’s what’s going on…
The Homa Files 