Synopses & Reviews
More than 78 million baby boomers, representing some 29% of the U.S. population, are approaching retirement, and about 58 percent of retirement assets are in defined contribution plans.
If you want or need to take money out of your retirement plan-whether you've inherited a retirement plan, wish to buy a house, or just need money-IRAS, 401(l)s & other Retirement Plans will help you make the best choices concerning these plans, and cope with the accompanying rules and regulations. Filled with sample forms and charts, this book covers:
tax strategies before and at retirement
penalties for drawing money out early
distributions you must take
minimizing taxes
distributions to your heirs
and much more, including explanations of all the common types of retirement plans including 401(k)s and other types of profit-sharing plans, Keoghs, IRAs, and tax deferred annuities.
The 9th edition incorporates the changes brought about by the Pension Protection Act of 2006, and includes all of the information regarding the new rules for taking money out of Roth 401(l) plans and anticipated changes to Roth IRA conversion rules.
Synopsis
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 types of retirement plans, including 401(k)s and other profit-sharing plans, Keoghs, IRAs and tax-deferred annuities. It covers:
tax strategies before and at retirement
penalties for taking money out early
minimizing taxes
distributions you must take
distributions to your heirs
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.
Synopsis
Don't give your nest egg away 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 types of retirement plans, including 401(k)s and other profit-sharing plans, Keoghs, IRAs and tax-deferred annuities. It covers:
tax strategies before and at retirement
penalties for taking money out early
minimizing taxes
distributions you must take
distributions to your heirs
The 9h 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.