Tag Archives: Obama IRA
New Obama IRA Rules
Recently President Obama proposed two changes to the existing IRA rules. Tapping into the IRA basics, these two proposals are made to simplify the complicated aspects of IRA withdrawal rules. The proposed amendments can be found in a 151-page Treasury Department document that explains all the Administration’s fiscal 2012 tax proposals and would certainly be very beneficial for retirees and heirs of IRA’s.
The first proposed change aims to eliminate traps for non-spouse IRA heirs that Forbes has been constantly warning individuals.
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