美国国税局(IRS)提醒1951年以前出生的老年人,他们必须在年底前从退休计划中提取最低分配额,否则可能面临罚款。 规定最低分配额(required minimum distributions, RMD)是许多个人退休安排(individual retirement arrangements, IRA)或其它退休计划的所有者每年必须提取的金额,...
Keep in mind, if you don’t take an RMD in that first year, you’ll have to take two distributions the next year. After that, you’ll need to take a Required Minimum Distribution each year to stay in line with the IRS rules. First-year RMD exception for certain plans:If you are s...
The SECURE Act made a number of changes to the RMD rules, most notably (1) increasing the age at which retirement savers must begin to receive distributions from their retirement benefits from April 1 following the year in which the participant reaches age 70½ to April 1 following ...
IRA Transfer Rules When considering an IRA transfer, keep the following IRS rules in mind:2 All distributions may be transferred over, except therequired minimum distribution (RMD)and any distribution of excess contributions and related earnings. The transfer must be deposited in the new account wit...
Also the payments from retirement plans can be provided as lump-sum distributions or via periodic payments (e.g. like anannuity) depending on the terms of the plan. Consult the IRS website and your plan administrator (e.g Vanguard, Fidelity etc) for detailed rules and regulations. ...
Social Security for the Suddenly Single can be found on Amazon at this link. This book is narrowly-focused on divorcee Social Security strategies and rules. It is also available in a Kindle version. Sterling’s first book, Lose Weight Save Money, can be purchased by clicking this link. The...
but holders also must ensure that the federal withholding and reporting rules are met. These additional compliance burdens would seem to maximize the need for holders to ensure that an IRA has satisfied all requirements for escheatment (including consideration of any applicable legal defenses) before...