Tax Cuts and Jobs Act Impact - Guide to Retirement Planning (U.S.)
Explains the implications of the change made by the Tax Cuts and Jobs Act affecting retirement planning.
Author: Susan Posner
Explains the implications of the change made by the Tax Cuts and Jobs Act affecting retirement planning. Items in the Act that affect retirement planning include, among others, recharacterization of IRA contributions in certain circumstances, an extended rollover period for plan offset amounts, length of service awards to public safety volunteers, qualified disaster distributions taxable over a three‐year period, qualified 2016 disaster distributions not subject to 10% early withdrawal penalty, three year period to recontribute qualified 2016 disaster distributions and the period to amend qualified plans and IRAs for the new law changes has been extended.
June 15, 2018