Congress is coming for your money

[Thinker101]

Like grave robbers opening King Tut’s tomb, Congress can’t wait to get its hands on America’s retirement-account assets. The House passed the Setting Every Community Up for Retirement Enhancement Act, known by the acronym Secure, in May. The vote was 417-3. The Secure Act is widely expected to pass the Senate by unanimous consent.

Opinion | Congress Is Coming for Your IRA

 

[AyeCantSeeYou]

The link requires a paid subscription. Please be mindful of that when posting links here. It's also an opinion piece, so it isn't exactly 'truth'.

 

[georgephillip]

To what extent is the Secure Act targeting inherited (as opposed to earned) wealth?

Beware, the IRS is eyeing your inherited money

"One of the perils of being well-off is the constant risk that the federal government and/or your friendly state and local tax collectors will figure out new and different ways to snatch more of your wealth. Especially wealth that you earned the old-fashioned way: by inheriting it. To raise your paranoia to the appropriate level, here are two new things to worry about."