Catch up on all of President Obama’s proposed changes to IRAs in the proposed budget for 2015 from Surgent Chairman Jack Surgent. These proposed changes include:

 

  • Limiting the ability of taking stretch payments to anyone other than a non-spouse. Currently, individuals are able to leave money in their IRA to children or grandchildren.
  • Limiting the amount of money you can have in a qualified plan.
  • Repelling the exclusion that publicly traded stock in your pension doesn’t have to be taxed.
  • No minimum required distribution at age 75.5 if you have less than $110,000 in all your qualified plans.


It’s tax season and we know you’re busy – Jack will discuss all of these changes in just under two minutes!
 

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