Memorial Hall Library

IRAs, 401(k)s & other retirement plans, strategies for taking your money out, Twila Slesnick, PhD, Enrolled Agent & Attorney John C. Suttle, CPA

eng

chartsforms

index present

non fiction

IRAs, 401(k)s & other retirement plans

962802785

Twila Slesnick, PhD, Enrolled Agent & Attorney John C. Suttle, CPA

strategies for taking your money out

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

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 -- How penalties can guide planning -- 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 1/2 -- 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 1/2 -- 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 -- B. Life expectancy tables

IRAs, 401(k)s and other retirement plans