Congress May Crush Key Tool For IRA Inheritors – Forbes
Don’t look now, but a provision buried in the latest transportation funding bill would deal a fatal blow to an important strategy for estate planning with IRAs.
The proposed legislation is the Highway Investment, Job Creation And Economic Growth Act of 2012. Senate Finance Chairman Max Baucus (D., Mont.) has recommended a provision that would limit the use of so-called stretch IRAs unless those accounts have been converted to a Roth. These modifications are described in comments which download here as a PDF.
Congress May Crush Key Tool For IRA Inheritors – Forbes