New US House Bill to allow Annuities in 401Ks, Raise RMD Age
1. Allows annuities to be offered in employer 401k plans.
2. Raises age for RMDs to 72.
3. Removes age cap (currently 70.5) for contributing to a TIRA.
Passed overwhelming in House, Senate expected to take it up, and the president is not opposed.
FIREd, April 1, 2015. My Retirement Benefits Package includes: 6 months vacation, twice a year.