Required Minimum Distributions for Roth IRAs?

President Obama’s 2015 budget includes a number of proposed changes aimed at retirement accounts. Six out of the seven provisions (or similar versions of them) detailed below and unveiled Monday, were included in last year’s budget.

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Comments (8)
Consider this all Caps? I will want to AMEND ALL my personal tax returns since 2009! I can't read any more of the above past the second paragraph (yet)!
Posted by Bruce B | Wednesday, March 05 2014 at 4:21PM ET
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Posted by fred j | Wednesday, March 05 2014 at 5:21PM ET
I thought more about the topic and believe if Congress really approved this they would also likely Grandfather Existing Roth's to not require RMDs. (I also realize tax returns have a statute of limitations for amending.) I have paid a high price for the Roth IRA's I have in place. Back to the topic - thanks Jeffrey!
Posted by Bruce B | Wednesday, March 05 2014 at 7:21PM ET
I continue to be amazed by this President's lack of understanding and downright stupidity. It further enforces my belief that no one should be allowed to run for President without actually having held a real private-sector job as a qualification!!!!

Posted by Glenn S | Thursday, March 06 2014 at 11:07AM ET
Some of those proposals make us, the financial planners, look really bad. Can you imagine at our suggestions our clients pay the tax & convert to Roth, only to find out later the rule changed again? The lawsuit, lots of them, are waiting to happen. Whose fault is it?

In addition, practically speaking how are you doing to tax the 401k w/d again in the future? If you pay 28% tax on it now, when you w/d, do you have to pay the tax again? Yes, one can argue maybe a separation at the account set up. However, can you imagine once again the paperwork required & new software updates to this change?

Why can't the President just leave people's retirement account alone? If he truly stands for the low-income class people, he can ask his Hollywood friends to start to adopt poor families. They all own huge mansions & servants. Wouldn't that be a new change?
Posted by rose s | Thursday, March 06 2014 at 12:42PM ET
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