Filed Under:Markets, Employee Benefits

Fiscal cliff fix brings an upside to IRAs

But retirement benefits will continue to be under the tax microscope

Photo credit: FreeDigitalPhotos.net
Photo credit: FreeDigitalPhotos.net

While the rest of us were busy wishing a not-so-fond farewell to the strange year that was 2012, our friends in Washington were burning the midnight oil to hammer together a last-minute workaround to the fiscal cliff fiasco.

And hidden in that documentation — along with the regular mix of year-end riders attached to such a Hail Mary-styled piece of legislation, including tax breaks for NASCAR and the alternative fuel industry — were a couple of tangible impacts to the retirement world, though one may offer just short-term benefits.

Originally published on BenefitsPro. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
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