Do DC Plan Participants Benefit From Increasing the RMD Age?

Changes to the RMD age affect mostly households with bequest motives, so financial institutions should consider their clients’ intentions before advising them on RMD strategies. A research review of work by Wharton Prof. Olivia S. Mitchell, cited in PlanSponsor. Original paper by Horneff, Maurer, and Mitchell entitled “Do Required Minimum Distribution 401(k) Rules Matter, and For Whom? Insights from a Lifecycle Model”.Read More

Changing Required Minimum Distribution Rules Would Have Negligible Impact On Tax Revenue While Providing Additional Flexibility For Retirement Savers

A new report issued by the TIAA Institute and the Pension Research Council (PRC) of the University of Pennsylvania’s Wharton School reveals that changing Required Minimum Distribution (RMD) rules would likely have a negligible impact on tax revenue, while increasing flexibility for retirement savers.Read More