Congress is set to overhaul individual retirement accounts.

Last week both the Senate and House passed tax measures that would create a new type of IRA, reversing traditional account rules by letting people withdraw earnings tax-free. Contributions, however, would be taxed.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.