Retirement Rules are Changing for Upper Earners
Well, the money has to come from somewhere, doesn’t it? House Democrats yesterday proposed a series of rule changes–most of which will go into effect in 2022–designed to limit the use of selected retirement account strategies presently used by higher-income folks. The changes are considered a restructuring of portions of the tax code, and appear to be part of the plan to fund the administration’s budget plan. For an analysis of the proposed changes, check out the article by personal finance reporter Greg Iacurci posted on cnbc.com.