Senate passage of the EARN Act moves retirement reform legislation closer to a vote before both chambers of Congress.
Following House passage of the retirement reform bill known as SECURE 2.0, the next stop to advance this comprehensive bill will be in the Senate.
The IRS is proposing new rules for retirement account distributions including changes to the requirements of the 10-year rule for heirs.
Saving for retirement may be challenging but planning for retirement income can be even more complex.
New life expectancy table mean RMDs on inherited accounts will be reduced this year.
The Treasury Department updated the life expectancy projections used to calculate RMDs which may allow retirees to keep more savings longer.