Reply To: Please post an article on almost-repeal of the Stretch IRA

Home Fairmark Forum Retirement Savings and Benefits Please post an article on almost-repeal of the Stretch IRA Reply To: Please post an article on almost-repeal of the Stretch IRA

#3331
Alan S.
Participant

The stretch is probably going to limited for non spouse, but the Senate bill differs considerably from the House bill, so these two bills will have to go to joint committee to resolve the differences. The end result will either by a higher dollar exemption and 5 year stretch or no exemption and 10 year stretch. Or some combination thereof. At this point, additional complexity appears inevitable when the IRS and financial industry were not able to effectively administer the prior rules. Of course, we will also likely get new enforcement pledges from the IRS. The financial industry is backing these bills, and perhaps that indicates they will not be saddled with too much more reporting.