Much has been written over the last several weeks about the big change in the world of retirement planning – the fiduciary standard which will require financial advisors making retirement investment recommendations to act in their clients’ best interests. However today’s article points out that, in addition to this new standard, “there have been several other tweaks to [retirement] accounts that have an impact on who is eligible to contribute and how big their tax savings will be.” To read about these lesser-publicized changes, including which previously temporary feature of IRAs is now permanent and can help those of a certain age avoid taxes on their required distributions, CLICK HERE.
