John Grace: The IRS generates a wealth of revenue from forced RMD’s


John Grace, Founder and President of, Investors Advantage Corp, updates with Kurt Schemers and Don McKelvey on Traders Nation® about a tax bill floating around by top US Housetax writer, Representative Kevin Brady. Portions of the bill relate directly toretirement plans and IRS reform.

Grace discusses Individual Retirement Accounts(IRA) and the Required Minimum Distribution (RMD) that the government forces retirees to take since it creates a wealth of cash revenue for the FEDS. Additionally, small business retirement plans get a once-over, and how these plans benefit employers and the employees that participate in them.