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    How Donald Trump’s Presidency Could Impact Retirement Rules

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    Readers had questions about individual retirement accounts, distributions and access to brokerage accounts if they moved away from the U.S. Here are some answers.Your retirement accounts may be the biggest component of your net worth. Or maybe those large balances are still only a goal, and you want to know if any changes coming in the next four years will help you get there — or get in your way.Of the 1,200 or so money-related questions we’ve received from readers in the days since the presidential election, many have been about retirement. We have some answers for what we know and context for what we don’t yet know. Most of them have nothing to do with Social Security; my colleague Tara Siegel Bernard answered questions about that program last week.But first, here’s an important caveat that is true in any administration, but especially in one like this: For things to change, President-elect Donald J. Trump has to want things to change, act on that desire and then succeed. If lawmakers are involved, they also have to have the desire, follow through and pass legislation.There will be plenty of noise, but in this particular category, it’s possible that not much of substance will look different four years from now.What did Mr. Trump say he wanted to change about individual retirement accounts or 401(k)s?Not much. Neither Mr. Trump’s campaign website nor the Republican Party platform that it pointed to said anything about I.R.A.s or workplace retirement accounts like 401(k)s, with one exception that probably wouldn’t affect many people.On his campaign website, Mr. Trump sounded off about environmental, social and governance, or E.S.G., funds and their place in workplace retirement plans. During his first term, the Labor Department issued a rule related to what sorts of funds an employer — which must act in employees’ best interest as a so-called fiduciary — can use in those plans.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Man Who U.S. Says Faked Death to Avoid Child Support Gets 81 Months in Prison

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      The man, Jesse Kipf, hacked into state death registry systems to fake his own death in part to avoid paying more than $100,000 in child support, federal prosecutors said.A Kentucky man who prosecutors say hacked into state death registry systems to fake his own death — in part to avoid paying more than $100,000 in child support — was sentenced on Monday to 81 months in federal prison, the authorities said.According to federal prosecutors, the man, Jesse Kipf, 39, of Somerset, Ky., hacked into the Hawaii Death Registry System in January 2023 with the username and password of a doctor living in another state to create and certify his own death certificate.“This resulted in Kipf being registered as a deceased person in many government databases,” the U.S. Attorney’s Office for the Eastern District of Kentucky said in a news release on Tuesday. “Kipf admitted that he faked his own death, in part, to avoid his outstanding child support obligations.”In an arrangement with prosecutors, Mr. Kipf pleaded guilty in April to one count of computer fraud and one count of aggravated identity theft. Under the deal, other charges against him were dropped.Prosecutors, who cited Mr. Kipf’s criminal history, recommended a sentence of 84 months in prison, while his lawyer recommended 72 months. Both sides agreed that Mr. Kipf should pay $195,758.65 to cover child support he had failed to pay as well as damages related to government and corporate computer systems.Mr. Kipf, who was born in Hawaii, was divorced in 2008 in California and owed more than $116,000 in child support obligations to his daughter and her mother, according to court documents.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More