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Dec 1, 2008 12:00 PM
The Feds Must Stop Hounding the Elderly
Dear federal lawmakers: It's time to change the law so that individual retirement account custodians, not the elderly, are responsible for withdrawing the required minimum distributions (RMDs) from their IRA accounts. Let's stop expecting the elderly, who too often suffer from ever-diminishing capacity, to initiate RMDs, then, if they forget, hit them with 50 percent penalties plus interest.
Fellow practitioners: Please take note of what's going on and join me in demanding that it be stopped.
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
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