IRS Outlines Strict Asset Limits for New Tax-Advantaged Accounts

The IRS has introduced a fresh regulatory proposal restricting the initial growth phases of newly established tax-advantaged accounts to low-fee stock index funds and broad ETFs . The restrictions place a 0.1% cap on annual fund expenses to prioritize long-term asset diversification for beneficiaries under the age of 17 . Read the full regulatory report on the Journal of Accountancy .