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And it would make it easier for older adults to avoid taking required distributions by investing their retirement funds in annuities.

It doesn't need to be any easier for people to buy annuities. The original SECURE Act already did so. Variable annuities are a money maker for the salesperson and the company, by skimming much of the benefit (like dividends) that the customer would have received if they'd invested directly instead of through the annuity.

Though this may benefit not only the more wealthy but folks that continue to work later in life. I see this as a win/win for the financial and tax savvy investors.

Really? Because the article you linked to seemed pretty against the proposal, because it's so regressive that most of the benefits would accrue to the wealthy.

And I really don't see what's so wonderful about passing on 'tax-free' assets at death (they're actually mostly tax-deferred, at least if they're Traditional accounts), which was one of the 'benefits'. When the original SECURE Act was being debated, the Senate proposal did bump the age for RMDs up to 75. In order to pay for that, it shortened the length of time that non-spousal heirs had to fully distribute those accounts to 5 years, instead of the 10 years that increasing the age to 72 that ended up passing. Presumably, since there now seems to be a kick in Congress to actually offset revenue losses, something like that would have to be included in this update to the SECURE Act. So, great if you can leave your multi-million IRA to your kid - he'll only have 5 years to disburse it all. So he's likely to be boosted into the top bracket in some, if not all, of the 5 years he has to disburse the account.

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