Htown Harry
Thinks s/he gets paid by the post
- Joined
- May 13, 2007
- Messages
- 1,525
Most likely change to go back to where survivors have to take distributions over the life of the original 401k holder (i.e. the same percentage RMD's after the estate taxes are paid). Recall that they changed to allow those who inherit to reset the RMD clock I suspect it will modify to over the originators lifetime. The idea being that one could not keep money in an IRA/401k for more than 1 lifetime.
Hadn't heard this idea before. But I do think that it could be a viable idea politically - it has some populist angles and the revenue potential over time might be significant.
Of course I'm violently opposed, because I have a small part of my nest egg in an inherited IRA subject to RMD's over my lifetime.