Health care reform might affect IRA planning

07/14/2010 | Financial-Planning.com

The health care reform law does not have provisions that directly affect individual retirement accounts or other retirement plans. However, some indirect effects are expected to occur, writes Ed Slott, a CPA in Rockville Centre, N.Y. For example, a 3.8% charge on investment income is most likely to hit clients. The tax doesn't go into effect until 2013, which gives financial planners and other professionals time to plan.

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