Taxation of Individual Retirement Accounts
Author: David J. Cartano
Publisher: CCH
Published: 2009-04
Total Pages: 1172
ISBN-13: 9780808020011
DOWNLOAD EBOOKRead and Download eBook Full
Author: David J. Cartano
Publisher: CCH
Published: 2009-04
Total Pages: 1172
ISBN-13: 9780808020011
DOWNLOAD EBOOKAuthor: United States. Internal Revenue Service
Publisher:
Published: 1990
Total Pages: 284
ISBN-13:
DOWNLOAD EBOOKAuthor: David J. Cartano JD
Publisher:
Published: 2010-04
Total Pages: 1182
ISBN-13: 9780808023012
DOWNLOAD EBOOKAuthor: David J. Cartano
Publisher: Aspen Publishers
Published: 2003
Total Pages: 1052
ISBN-13: 9780735541597
DOWNLOAD EBOOKAuthor: United States. Internal Revenue Service
Publisher:
Published: 1981
Total Pages: 12
ISBN-13:
DOWNLOAD EBOOKAuthor: Bill Lane
Publisher: Penguin
Published: 2009-03-03
Total Pages: 260
ISBN-13: 1101019778
DOWNLOAD EBOOKNo need to panic. Written by financial experts, this essential guide tells investors how to keep their investments safe in this difficult economy. Readers will discover how economic upswings and downturns affect investment plans, and what can be done to anticipate these trends; changes in investment rules and guidelines and their impact on 401(k)s and IRAs; and how to identify the proper investment decisions for their needs. - On NPR's March 7, 2008, broadcast of All Things Considered, discussion centered on new weaknesses in the economy, and quite a bit of time was devoted to a story on how to protect your 401(k) - In 2000, 40 million 401(k) participants had an average account balance of about $50,000 and total assets of $2 trillion
Author: United States. Internal Revenue Service
Publisher:
Published: 1976
Total Pages: 16
ISBN-13:
DOWNLOAD EBOOKAuthor: David J. Cartano
Publisher: CCH
Published: 2008-04
Total Pages: 1172
ISBN-13: 9780808092391
DOWNLOAD EBOOKAuthor: Twila Slesnick
Publisher: NOLO
Published: 2000
Total Pages: 340
ISBN-13: 9780873375825
DOWNLOAD EBOOKWritten 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 moreThe 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.
Author: Jason J. Fichtner
Publisher:
Published: 2005
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKFor many senior citizens, individual retirement plans, such as IRAs and 401(k)s, are a primary saving vehicle for retirement. Along with Social Security, individual retirement plans ("IRPs") represent a major source of money for retirement. However, even though IRPs are a valuable saving vehicle for many seniors, many IRPs have one major drawback: the forced distribution of assets and the associated taxation of those assets for senior citizens at age 70-1/2 for traditional IRAs and the later of age 70-1/2 or the year in which the account holder retires for 401(k)s. This requirement forces many seniors to take distributions when they do not need them Worse, in cases of a down market, the forced distributions may require seniors to sell assets at depressed prices to pay taxes, even if investment losses have been incurred. This study addresses the minimum distribution requirement that effectively forces senior citizens to withdraw funds from IRPs or face a 50 percent excise tax, the reasoning behind the requirement, and the economic harm it can have on seniors, and some policy alternatives to this requirement that would help mitigate the bias against seniors and their retirement that this requirement creates. This study proposes several options that would either repeal or modify the minimum age requirement for forced distributions beginning at age 70-1/2. These options include: repeal, limited repeal, an increase in the minimum withdrawal age, a limited exclusion, a credit for excess withdrawals, allowing losses to be applied to other gains, and a grace period. Any of the proposals would enhance efficiency by providing seniors with the choice of determining when it is in their best interest to make a withdrawal from their IRP, how much to withdraw and subsequently pay the appropriate tax. The individual is in the best position to know when is the right time to elect to make withdrawals, not the government. Further, forcing seniors to sell assets in market conditions that have reduced their retirement plan assets may undermine the retirement security of seniors and produce less tax revenue to the government.