Stubs for Pensions

Reduce the limit on contribution taken into account for qualified plans, perhaps to the level of the Social Security wage cap.

Currently non-spousal beneficiaries of pensions/IRA assets must receive distributions either within five year of the date of death, or in payments made to an identified natural person beneficiary over the beneficiary's actuarial life expectency, as elected by the taxpayer. This has a very substantial tax cost in cases where used to the fullest with no strong policy justification in most cases. It would be a simple matter to establish a hard and fast two year rule, which still leaves ample time for estate settlement, but ends an incentive to establish complex income tax planning regimes for beneficiaries. Spouses would retain their existing privileged roll over status.