HOUSE_OVERSIGHT_029341.jpg
702 KB
Extraction Summary
1
People
3
Organizations
0
Locations
0
Events
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Relationships
2
Quotes
Document Information
Type:
News article / webpage printout
File Size:
702 KB
Summary
A printout of the second page of a MarketWatch article dated April 29, 2013, discussing proposed changes to estate taxes and Individual Retirement Accounts (IRAs). The text outlines a budget proposal requiring beneficiaries to cash out inherited IRAs within five years and mentions estate planning strategies involving trusts. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a production of documents for a congressional investigation.
People (1)
| Name | Role | Context |
|---|---|---|
| Greene | Source/Expert |
Mentioned in the article noting that older adults are considering moving accounts into trusts.
|
Organizations (3)
| Name | Type | Context |
|---|---|---|
| MarketWatch |
Website hosting the article.
|
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| Dow Jones & Company, Inc. |
Listed in copyright footer.
|
|
| House Oversight Committee |
Implied by Bates stamp 'HOUSE_OVERSIGHT'.
|
Full Extracted Text
Complete text extracted from the document (1,124 characters)
Coming soon: More estate-tax battles - Encore - MarketWatch http://blogs.marketwatch.com/encore/2013/04/29/coming-soon...
attractive.
Individual retirement accounts could get emptied faster. Currently, people who inherit IRAs and similar tax-deferred savings accounts are able to "stretch" their withdrawals across their life expectancy. The budget proposal would require most beneficiaries – other than widows and widowers – to cash out the accounts within five years. Already, Greene notes, some older adults whose wealth is concentrated in IRAs are considering moving the accounts into trusts to help their families keep up with, and follow, the rules.
Copyright 2013 Dow Jones & Company, Inc. All Rights Reserved
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com
2 of 2 4/29/13 1:26 PM
HOUSE_OVERSIGHT_029341
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