Retirement plans offer a terrific opportunity for taxpayers to save for their retirement in a tax-deferred way. While several types of these plans exist, most individuals have some level of familiarity with the Individual Retirement Account (“IRA”). IRAs have limits on the allowable contributions and a schedule regarding when distributions need to begin occurring. Recently, the Biden Administration released its Fiscal Year Revenue Proposals for 2024 that contained a provision regarding preventing excessive accumulations by high-income taxpayers in such accounts. Read on to learn more.
Attorney at Law Offices of Juliet Cohen, P.C.
Ms. Cohen is an Estate Planning & Elder Law Attorney and member of the American Academy of Estate Planning Attorneys. The American Academy of Estate Planning Attorneys has been recommended by both Suze Orman in her book, 9 Steps to Financial Freedom and Money magazine Read More!
Latest posts by Juliet Cohen (see all)
- Guardianship for Adult Children with Disabilities: Protecting Their Future - October 12, 2026
- Planning for Medical Directives and End-of-Life Care: Ensuring Your Wishes Are Honored - October 12, 2026
- Bridging the Past and Future - October 12, 2026
