New IRA Laws
Written by Joseph Thomas, author of "The Retirement Know-It-All"
No More RMDs -Required Minimum Distributions
Have you heard about the changes to RMD regulations?
The Treasury Department has made recent changes that allow you to defer your Taxes on your IRAs to age 85!
This simply means you can defer IRA distributions if you know how and you want to. This is one of the few qualified investment options that offers this opportunity, called QLAC.
So, if you have an IRA that you receive RMDs and you want to DELAY those distributions till age 85 now you can!
You are limited to $125,000 or 25% of all IRA assets based on 12/31 aggregate values, so take advantage now if you do not need the RMDS and the extra taxes. And, Less Taxes –Means More Money Period!
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