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We shall see August 31, 2018

Posted by hslu in Congress, Retirement, Taxes.
Tags: , ,

But, don’t get your hope up just yet.

However, delay the RMD now might mean a bigger tax bill later in life because a larger withdraw in the future will push you into a higher tax bracket.

My question is this: why is the Trump administration proposing this change at this time for the older Americans in the first place? Delay RMD now will result in a lower tax revenue for the U.S. government when the deficit is projected to hit at least $1 trillion for the current fiscal year and beyond.


Source: Flipboard




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