Washington Just Gave Some Retirees a Reprieve in 2023
Lawmakers just passed end-of-year legislation that will keep the federal government operational in the coming year. As often happens, that legislation included a number of provisions that aren't strictly related to the immediate needs of government operations. The 2022 year-end spending package was noteworthy in that it included several aspects of retirement reform that often got referred to as SECURE 2.0.
Among the provisions that are set to become law is one that many retirees will appreciate using almost right away. Even though this provision will give some retirees a much-desired reprieve from having to make a tax-increasing move in 2023, many taxpayers would actually be better off choosing not to take advantage of it. Read on for a more complete explanation of what Washington will let people with retirement accounts do next year and what your best strategy might be.
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Source Fool.com
