IRAs, 401(k)s and Other Retirement Plans: Taking Your Money Out
Get your cash out of retirement savings without giving away your nest egg to the IRS!\ Perhaps your retirement is on the horizon. Or you're changing jobs. Or are about to turn 70.5 years old....\ Whatever is going on with your retirement account, IRAs, 401(K)s & Other Retirement Plans is for you! Make sense of the rules that govern distributions from retirement plans - and avoid the stiff taxes and penalties that lurk in the fine print.\ In plain English, this book discusses all common...
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Get your cash out of retirement savings without giving away your nest egg to the IRS!Perhaps your retirement is on the horizon. Or you're changing jobs. Or are about to turn 70.5 years old....Whatever is going on with your retirement account, IRAs, 401(K)s & Other Retirement Plans is for you! Make sense of the rules that govern distributions from retirement plans - and avoid the stiff taxes and penalties that lurk in the fine print.The 9th edition is completely updated with the latest tax rates, tables and methods for calculating required distributions. It also reflects the Pension Protection Act of 2006, a huge update to various retirement programs.With IRAs, 401(K)s & Other Retirement Plans as your guide, you'll know the rules, avoid the penalties and save for your future like a pro. syndicated money columnistAtlanta Journal Constitution - Hank Ezell An explanation of the complicated rules on withdrawal, written for ordinary people.
I. How to Use This Book 1. Types of Retirement Plans Qualified Plans Individual Retirement Accounts Almost-Qualified Plans Nonqualified Plans 2. An Overview of Tax Rules Taxation Fundamentals General Income Tax Rules for Retirement Plans Income Tax on Qualified Plans and Qualified Annuities Special Income Tax Rules for Tax-Deferred Annuities Special Income Tax Rules for IRAs 3. Early Distributions: Taking Your Money Out Before the Law Allows Exceptions to the Early Distribution Tax Calculating the Tax Reporting the Tax Special Rules for IRAs 4. Substantially Equal Periodic Payments Computing Periodic Payments Implementing and Reporting Your Decision Modifying the Payments 5. Required Distributions: Taking Money Out When You Have To Required Distributions During Your Lifetime Death Before Required Beginning Date Death After Required Beginning Date Special Rules for Tax-Deferred Annuities Special Rules for Roth IRAs Penalty Reporting the Penalty Waiver 6. Required Distributions During Your Lifetime Required Beginning Date Computing the Required Amount Designating a Beneficiary Special Rules for Annuities Divorce or Separation 7. Distributions to Your Beneficiary If You Die Before Age 70 Determining the Designated Beneficiary Distribution Methods Spouse Beneficiary Nonspouse Beneficiary No Designated Beneficiary Multiple Beneficiaries, Separate Accounts Multiple Beneficiaries, One Account Trust Beneficiary Estate as Beneficiary Annuities Divorce or Separation Reporting Distributions From IRAs 8. Distributions to Your Beneficiary If You Die After Age 70 Administrative Details Spouse Beneficiary Nonspouse Beneficiary No Designated Beneficiary Multiple Beneficiaries, Separate Accounts Multiple Beneficiaries, One Account Trust Beneficiary Estate as Beneficiary Annuities Divorce or Separation 9. Roth IRAs Taxation of Distributions Early Distribution Tax Ordering of Distributions Required Distributions 10. Roth 401(k) Plans Taxation of Distributions Early Distribution Tax Ordering of Distributions Required Distributions Appendixes A. IRS Forms, Notices, and Schedules Form 4972, Tax on Lump-Sum Distributions Tax Rate Schedule for 1986 Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts Form 5330, Return of Excise Taxes Related to Employee Benefit Plans Form 5498, IRA Contribution Information Form 8606, Nondeductible IRAs Revenue Ruling 2002-62 B. Life Expectancy Tables Table I: Single Life Expectancy Table II: Joint Life and Last Survivor Expectancy Table III: Uniform Lifetime Table Table IV: Survivor Benefit Limits Index
\ Atlanta Journal ConstitutionAn explanation of the complicated rules on withdrawal, written for ordinary people.\ — Hank Ezell\ \ \ \ \ Kiplinger's Personal FinanceBelongs on the bookshelf of anyone with an IRA, 401(k) or other type of qualified retirement plan. When the inevitable questions come up, here's where you'll find the answers.\ \ \ KRON TVTwila Slesnick... literally wrote the book on 401(k) plans...\ — Joe Ducy\ \ \ \ \ Money MagazineAn excellent starting point...\ \ \ \ \ Pillsbury Madison & Sutro LLPFinally, a book about retirement plans that should find a place on home bookshelves as well as in professional libraries. Anyone with an IRA or a plan at work will find accurate and easy-to-understand answers to almost any question.\ — Charles R. Purnell\ \ \ \ \ San Diego Union-TribuneThe authors describe in everyday language the IRS' finicky rules for withdrawing your money from a retirement plan and warn of taxes and penalties for those who make a false step. It's a valuable resource indeed.\ — Ann Perry\ \ \ \ \ The Wall Street JournalUses everyday language to describe Internal Revenue Service rules for making withdrawals from retirement plans.\ \ \ \ \ U.S. News & World Report"A more impressively clear and comprehensive layman's guide is IRAs, 401(k)s & Other Retirement Plans..."\ \
