One More Reason for Maxing Whole Life Insurance in Your Family Financial Plan.

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4 Steps to take now that S-t-r-e-t-c-h IRA’s are in Danger

by Forbes

 

7/11/2013 @ 12:03PM

The personal finance headline coming out of the Senate yesterday was that Democrats could muster only  51 votes for a bill to extend the low 3.4% interest rates on subsidized undergraduate student loans for one more year, when they needed 60 votes to overcome the inevitable Republican filibuster. But there was another development you may have missed that could also affect your family’s financial planning: those 51 Democrats voted to fund the one-year interest break for low and moderate income students by killing off what are popularly known as stretch IRAs.

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(contributor_data.name)!?html Janet Novack Forbes Staff

I’m the Washington D.C. bureau chief for Forbes and have worked in the bureau for more than two decades. I’ve spent much of that time reporting about taxes — tax policy, tax planning, tax shelters and tax evasion. These days, I also edit the personal finance coverage in Forbes magazine and coordinate outside tax, retirement and personal finance contributors to Forbes.com. You can email me at jnovack@forbes.com and follow me on Twitter @janetnovack.

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July 11, 2013 · Jennifer · No Comments
Tags: , , ,  · Posted in: RETIREMENT, STRETCH IRA, STRETCH IRA's in Danger

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