Obama Budget Would Prohibit Backdoor Roth IRAs
Closing the door on backdoor Roths for the rich is one of 10 loophole closers in the Administration’s FY2016 budget.
More hits to middle-market philanthropists: nestled at the end of the article is a discussion and a video on inherited IRAs and retirement plans. The President proposes doing away with stretch IRA provisions, which will have an impact on millions of families over the years. Sound estate planning that includes philanthropy could go a long way to protecting family assets. Let me know if you would like to discuss!