A special thanks to Robert Keebler of Keebler & Associates, LLP for bringing to our attention the Senate Highway Bill S.2132, which brings back the mandated 5-year rule for Inherited IRAs (with some exceptions). This obviously has a lot of estate planning professionals on edge to see what’s going to happen with respect to retirement benefit planning for clients this year and beyond. The entire Bill can be found on the Library of Congress’ website. To view S.2132, click here.
Robert Keebler has a phone call into Senator Baucus’ office to confirm and will be posting more updates in the future as we eagerly await news on this Bill.