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" ... Before Congress created Roth IRAs, the term "stretch IRA" was used to describe the strategy in which a spouse, child or grandchild inherits a traditional pretax IRA and then draws out distributions (and hence tax deferral) over his or her own life expectancy. The longer the life expectancy, the smaller--as a percentage of the IRA balance--each payout must be. ... "
" ... But it appears the proposal might also benefit young heirs ---such as grandkids--who inherit small IRAs and currently have to take tiny distributions each year to avoid a penalty. RMDs are based on life expectancy. So, for example, a 10-year-old grandchild who inherits a $20,000 IRA has a life expectancy of 72.8 years and must take a required distribution of $275 a year. Under this proposal, the child might be able to leave the money in the account growing and then withdraw it to help pay for college. (A nonspousal heir can take more than the RMD amount out without penalty, at any age.) ... "
" ... The economy President-elect Biden inherits on January 20 will look a lot like 2009. ... "
" ... Though Trump’s attacks on Huawei Technologies, ZTE Corp. and other national champions drew financial blood, Xi’s economy is spreading its wings and gaining altitude. The one Biden inherits is leaving $200 billion on the table at the worst of times. ... "