retirement

Timeline: Kiplinger's Retirement Report Turns 25

From the Retirement Protection Act to tax reform, much has changed for retirees over the past quarter-century.

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.

Most Popular

Refunds for $10,200 Unemployment Tax Break to Begin This Month
Coronavirus and Your Money

Refunds for $10,200 Unemployment Tax Break to Begin This Month

The IRS will start issuing automatic refunds sometime in May to people eligible for the unemployment benefit tax exemption.
May 1, 2021
Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs
Coronavirus and Your Money

Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs

People have lots of questions about the new $3,000 or $3,600 child tax credit and the advance payments that the IRS will send to most families in 2021…
May 4, 2021
10 Dividend Growth Stocks You Can Count On
dividend stocks

10 Dividend Growth Stocks You Can Count On

What should investors prioritize in dividend growth stocks? A history of aggressive payout expansion, and the ability to generate enough cash to keep …
May 3, 2021

Recommended

14 Social Security Tasks You Can Do Online
retirement

14 Social Security Tasks You Can Do Online

Why visit a government office to get your Social Security business done? You can do much of that online.
April 2, 2021
Medicare Basics: 11 Things You Need to Know
Medicare

Medicare Basics: 11 Things You Need to Know

There's Medicare Part A, Part B, Part D, medigap plans, Medicare Advantage plans and so on. We sort out the confusion about signing up for Medicare --…
March 17, 2021
What's Your Strategy for Maximizing Your Social Security Benefits?
social security

What's Your Strategy for Maximizing Your Social Security Benefits?

Deciding when to start taking your Social Security benefits can have significant financial consequences. Here are some of the factors you should think…
May 6, 2021
9 Tax Deadlines for May 17 (It's Not Just the Due Date for Your Tax Return)
tax deadline

9 Tax Deadlines for May 17 (It's Not Just the Due Date for Your Tax Return)

Between due dates for extension requests, IRA or HSA contributions, and other deadlines, there's more to do by May 17 than just filing your federal in…
May 4, 2021