Retirement Plan Distributions – 2009
filed in Retirement on Nov.05, 2009
The virtual meltdown of the stock market in 2008 created a unique problem for many older taxpayers.
Generally, their IRAs, as well as their 401(k) and 403(b) plans and other employer-provided, defined contribution retirement plans are subject to required minimum distribution (RMD) rules for federal income tax purposes. Under these rules, account owners must withdraw minimum [...]