Filed Under:Life Insurance, Life Planning Strategies

Stretch IRA Provision Removed from Highway Bill

From the Washington Bureau

Sen. Harry Reid, D-Nev. (AP Photo/J. Scott Applewhite)
Sen. Harry Reid, D-Nev. (AP Photo/J. Scott Applewhite)

 

A provision in Senate legislation that had investment advisors up in arms because it would reduce the value of inherited IRAs has been removed.

A 25-year smoothing period is more appropriate, he said, because “the amendment as drafted would not help in any year and would have adverse effects in some years.”

The Financial Services Institute lauded the decision.

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Nichole Morford

Nichole Morford
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