IRAs, 401(k)s & Other Retirement Plans: Strategies for Taking Your Money Out

Product Description

Save your nest egg from the IRSAbout to retire? Over 73 and facing mandatory withdrawal rules? Just inherited money from a retirement plan?Whether you have an IRA, Roth IRA, 401(k), Keogh or other retirement plan, this book will help you make sense of the rules for taking your money out. Even more important, it will show you how to avoid the stiff taxes and penalties that lurk in the fine print. It covers:tax strategies before and after retirementrequired distributions and how much you need to takepenalties for taking money out early and how to avoid themhow to divide a plan at divorcewhat happens to your retirement plan after your death, anddifferent rules for taking money out of an inherited plan.The 16th edition covers all of the latest changes, including: new start age for required distributions new contribution limits for 401(k)s, money purchase pension plans, ESOPs, SIMPLE IRAs, and Roth IRAsnew exceptions to the 10% early distribution tax, andmultiple new rules for inherited retirement plans.