Kiplinger’s Retirement Report Turns 25

By Mary Kane, Associate Editor, Kiplinger's Retirement Report

Twenty-five years ago, Kiplinger’s Retirement Report launched to help readers enjoy a richer retirement. Our first issue, published in February 1994, offered guidance on timely issues of the day, such as how to take advantage of the home-sale-profit exclusion (then $125,000) and how to comply with new rules that for the first time required a receipt for charitable donations of $250 or more. Some advice, such as how to figure tax on Social Security benefits, proved to be evergreen.

This timeline notes just some of the significant retirement issues that we have covered in the past quarter-century.

1994

The Retirement Protection Act expands efforts to find missing pension-plan participants.

1998

Roth IRAs become available.

2000

Social Security earnings test removed for those at full retirement age or older.

2003

Congress creates Part D prescription-drug benefit for Medicare, which hits the marketplace in 2006.

2006

Pension Protection Act encourages auto enrollment in 401(k)s and creates IRA qualified charitable distribution rules.

2009

Required minimum distributions from retirement accounts waived one year only as a result of the 2007-09 financial crisis.

2012

Labor Department beefs up 401(k) fee disclosures.

2014

Qualified longevity annuity contracts created.

2015

Bipartisan Budget Act of 2015 nixes some Social Security claiming strategies.

2018

Major overhaul of tax law takes effect, including nearly doubling the standard deduction to lowering tax rates.

This article provided by NewsEdge.