BOSTON - New Internal Revenue Service regulations adopted in January change the required minimum distribution rules for retirement plans and will force IRA custodians and trustees to monitor their IRA clients' accounts more closely, according to industry executives.

The new regulations will simplify the process of calculating the date on which IRA owners begin taking required minimum distributions and will stretch out distributions over longer periods, but those improvements over the old regulations will come with a catch, according to John Singletary, a vice president in the private client services' IRA product management division of SunTrust Bank of Atlanta.

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