New Legislation Could Boost Retirement Savings

A bill from Rep. Richard Neal (D, Mass.) and Rep. Kevin Brady (R. TX) would boost the age for required minimum distributions (RMDs) from IRAs and 401 (k) accounts to 75, from 72.  It applies to those born after June 30, 1949.  It would also waive RMDs entirely who have a cume total of less than $100K.