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Product Identifiers

PublisherNolo

ISBN-101413330819

ISBN-139781413330816

eBay Product ID (ePID)12058359187

Product Key Features

Edition16

Book TitleIras, 401 (K) Sand Other Retirement Plans : Strategies for Taking Your Money Out

Number of Pages416 Pages

LanguageEnglish

TopicBusiness & Financial, Personal Finance / Retirement Planning, Personal Finance / General

Publication Year2023

GenreLaw, Business & Economics

AuthorJohn C. Suttle

FormatTrade Paperback

Dimensions

Item Height1 in

Item Weight22.4 Oz

Item Length9 in

Item Width7 in

Additional Product Features

Intended AudienceTrade

Reviews"Depending on the size of the IRA and the age of the beneficiary, it might be smarter to pay the penalty than to liquidate the account simply to avoid the penalty," says Twila Slesnick,author of IRAs, 401(k)s & Other Retirement Plans. Kiplinger's Retirement Report "A more impressively clear and comprehensive layman's guide is IRAs, 401(k)s & Other Retirement Plans..." U.S. News & World Report "Few resources are as valuable when it comes to financial planning in later life." The Wall Street Journal "This book belongs on the bookshelf of anyone with a retirement plan. Here's where you'll find the answers." Kiplinger's Personal Finance "Uses everyday language to describe Internal Revenue Service rules for making withdrawals from retirement plans." The Wall Street Journal

Table Of ContentYour Retirement Companion1.Types of Retirement Plans2. An Overview of Taxation3. Early Distributions: Taking Your Money Out Before the Law Allows4. Substantially Equal Periodic Payments5. Required Distributions: Taking Money Out When You Have To6. Required Distributions During Your Lifetime7. Distributions to Your Beneficiary If You Die Before Age 70½8. Distributions to Your Beneficiary If You Die After Age 70½9. Roth IRAs10. Roth 401(k) Plans AppendixesA. IRS Forms, Notices, and SchedulesB. Life Expectancy TablesIndex

SynopsisAbout 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 retirement, required distributions and how much you need to take, penalties for taking money out early and how to avoid them, how to divide a plan at divorce, what happens to your retirement plan after your death, and different 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 IRAs, new exceptions to the 10% early distribution tax, and multiple new rules for inherited retirement plans., Save your nest egg from the IRS About to retire? Over 723 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 retirement required distributions and how much you need to take penalties for taking money out early and how to avoid them how to divide a plan at divorce what happens to your retirement plan after your death, and different 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 IRAs new exceptions to the 10% early distribution tax, and multiple new rules for inherited retirement plans., When you want or need to take money out of a retirement plan--whether you've inherited the plan or you're retiring, buying a house, or just in need of money--this book will help you make the best financial choices. Anyone who is approaching retirement, retiring early, changing jobs, or wondering what to do with an inherited plan will benefit from the advice in this book. Includes new rules from SECURE Act.