In today’s rapidly changing society and as the human race advances through generations we observe many changes that need to be made in our rules and regulations. The field of finance is a prime example of this but some times it takes a disaster to prompt lawmakers to make rule changes e.g. Enron’s unethical behavior leading to a large loss in their employees retirement funds (leading to law changes in the holding …showed first 75 words of 379 total…

…showed last 75 words of 379 total…which is another advantage of the change as it has simplified the rule. I liked this article as it is good news for the taxpayer and shows that the IRS is willing to make changes in today’s rapidly changing environment. I also think that retirement will affect most of us in the future and the rules will obviously be altered again and hopefully like this modification, it will be a change for the good.