Keep an eye out for three retirement loopholes that the government may close shortly. They have become increasingly popular as financial advisers have learned how to exploit kinks in the law.
1. Who benefits from the Back-door Roth IRA conversions and how does this work?
2. What bothers lawmakers about “the stretch IRA?”
3. Who benefits from the agressive social security strategies mentioned and how does this work?
4. How soon are these loopholes expected to be closed?
Weston, L. (2015). 3 Retirement Loopholes That Are Likely to Close. CNN Money, June 30 (Retrievable online at http://time.com/money/3941695/retirement-loopholes/)