RETIREMENT WATCH: A KINDER, GENTLER IRA: Under a proposed law, IRA owners would have more time to take withdrawals

摘要

IF YOU HAVE MONEY IN A traditional IRA or 401(k), you probably already know that eventually you'll have to take that money out and pay taxes on it. But the rules for taking required minimum distributions (RMDs) have always been confusing, especially because they require you to start tapping your accounts based on your half birthday-age 70 1/2. On May 23, the House of Representatives passed a bill that would simplify the rules and give your savings a little more time to grow tax-deferred. The Senate is considering a similar bill. It hadn't voted at press time but is expected to vote on it soon.