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This Week In Wealth 10/24/21: Why are there new changes to your Roth account?

This Week in Wealth

Posted: Oct 24, 2021 / 07:00 AM CDT / Updated: Oct 21, 2021 / 05:46 PM CDT

PHOTO: WGN Radio’s Ilyce Glink and Alpha Wealth Group’s Tom Fortino

WGN Radio’s Ilyce Glink and Tom Fortino from Alpha Wealth Group give you the latest financial business news and financial planning advice and more!

We’ve talked about how the IRS requires you to take money from your tax deferred accounts starting at age 72. The government wants their taxes. There is a proposal being discussed now that would require you to also take a required minimum distribution out of your Roth account. This is after tax money, so if Uncle Sam isn’t getting any taxes from a Roth withdrawal, why the change?

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