Synopses & Reviews
Written by two experts in tax and investment planning, IRAs, 401(k)s & Other Retirement Plans discusses the different types of retirement plans, the taxes and penalties that can deplete a nest egg, and ways to avoid or minimize these taxes and penalties.
In accessible, plain English, IRAs, 401(k)s & Other Retirement Plans covers:
-- tax strategies for before and after retirement
-- distributions one must take during one's lifetime
-- distributions to one's heirs after one's death
-- Roth IRAs -- eligibility, taxation, rollovers and more
The latest edition discusses the new rules for computing taxes on retirement plan distributions. It also explains hardship distributions, federal tax levies, and modified adjusted gross-income calculations.