First, Frank Paré, an instructor in the personal financial planning
program at the University of California at Berkeley and the founder of
PF Wealth Management, said most taxpayers can breathe a sigh of relief
in the wake of ATRA. The vast majority of taxpayers, retired or not,
will be largely unaffected by ATRA.
Most pre-retirees, for example, who are contributing to retirement
accounts such as an IRA, 401(k) or a Roth IRA have little about which to
worry. “Their money is still going to be tax deferred, or tax free if
the Roth conditions are met,” he said. “And so they’re not going to have
to worry about the recent changes.”
High-income taxpayers who are in or nearing retirement, however, ought
to examine how the new tax law will affect their retirement-income
plans. “What will the tax changes mean for them in terms of their
distributions, the amounts and so forth?” Paré asked.
No comments:
Post a Comment