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Mega-IRA Crackdown Back in Play With New Bill
News July 22, 2026 at 12:47 PM
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What You Need To Know
- The bill would require high-income retirement savers to stop contributing and take distributions once their account balances reach $10 million.
- The requirements would apply to total balances across traditional and Roth IRAs and other account types.
- More than 32,000 individuals held more than $10 million each in tax-sheltered retirement accounts in 2024, according to the bill's sponsors.
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