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Ways and Means Takes Aim at Mega-Roths and Backdoor IRAs
American Retirement Association [ARA]
Sept. 16, 2021 "The legislation would prohibit further contributions to a Roth or traditional IRA for a tax year if the total value of an individual's IRA and defined contribution accounts exceed $10 million as of the end of the prior tax year ... [and] a minimum distribution would be required for the following year." MORE >> |
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