Planning Retirement Distributions from IRAs and Similar Accounts to Adjust for Cost of Living
Crommett, Alfred F., The CPA Journal
A sophisticated society claims to deplore the fate of retirees living on fixed incomes subject to the vicissitudes of inflation, but that same society continues to retire more and more people on fixed pensions, which will never change or change very little with inflation.
It also seems odd that while cost-of-living adjustments (COLAs) are readily available in IRAs and 401(K)s, few people are informed about their availability and concepts.
Consider These Facts
1. A House of Representatives subcommittee on retirement income and employment heard testimony that only 4% of American retirees have protection from inflation in their pensions!
2. The current IRS …
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Publication information: Article title: Planning Retirement Distributions from IRAs and Similar Accounts to Adjust for Cost of Living. Contributors: Crommett, Alfred F. - Author. Magazine title: The CPA Journal. Volume: 61. Issue: 9 Publication date: September 1991. Page number: 85+. © New York State Society of Certified Public Accountants Feb 2009. Provided by ProQuest LLC. All Rights Reserved.
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