Skip navigation
Menu
Trusts & Estates
Wealth Planning>Retirement Planning

The Feds Must Stop Hounding the Elderly

Dear federal lawmakers: It's time to change the law so that individual retirement account custodians, not the elderly, are responsible for withdrawing the required minimum distributions (RMDs) from their IRA accounts. Let's stop expecting the elderly, who too often suffer from ever-diminishing capacity, to initiate RMDs, then, if they forget, hit them with 50 percent penalties plus interest. Fellow
Resources
Trusts & Estates Latest Issue
Subscribe to Trusts & Estates Premium Content
Trusts and Estates Digital Edition Archive
About Trusts & Estates

Dear federal lawmakers: It's time to change the law so that individual retirement account custodians, not the elderly, are responsible for withdrawing the required minimum distributions (RMDs) from their IRA accounts. Let's stop expecting the elderly, who too often suffer from ever-diminishing capacity, to initiate RMDs, then, if they forget, hit them with 50 percent penalties plus interest.

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.


If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.


Questions about your account or how to access content?


Contact: [email protected]

Subscribe

TAGS: Retirement Planning Archive
Hide comments

More information about text formats

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish
Related