RE: I think the real issue is that a very small percentage of the population have substantial IRA accounts.
OK, here’s a question -— what does “substantial” mean when it comes to IRA?
How much must one have in one’s IRA for it to be considered “substantial”?
I'll take a stab at it. $100K is low end substantial and $3.2M is high end substantial. The administration is proposing doing away with RMD for accounts under $100K and capping accounts at $3.2M.
They also have a proposal to require RMD for Roth accounts..