(Photo:Shutterstock)
A recent survey from Charles Schwab revealed that 70% ofAmericans don't know what required minimum distributions are. Thebetter-informed retirement savers do know, but that doesn't meanthey're not going to make mistakes somewhere, if not with RMDs,with IRAs.
The likelihood of mistakes being made is greater because of thelegislation embedded in the Further ConsolidatedAppropriations Act, which was passed in lateDecember. That legislation is, of course, the SECUREAct – a "hodge-podge" of regulations, as onelegal practice tactfully put it.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
