A new retirement bill, known as Secure 2.0, recently passed a key House committee and will be considered by the full House at some point.
Challenges can emerge for investors who have not planned for the impact of taxes on retirement income.
Some tax proposals introduced by the Democratic presidential campaign may cause changes to retirement savings accounts.
The SECURE Act introduced an anti-abuse rule to prevent benefiting twice from taking IRA distributions and QCDs.
The passage of this landmark legislation represents the most significant changes to the retirement industry since the Pension Protection Act (PPA) of 2006.