IRAs, 401(k)s & Other Retirement Plans: Strategies for Taking Your Money Out - Softcover

Slesnick PhD Enrolled Agent, Twila; Suttle Attorney, John C.

Softcover

ISBN 10: 1413326374 ISBN 13: 9781413326376

Publisher: NOLO, 2019

Synopsis

Save your nest egg from the IRS

About to retire? Over 70 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 14th edition is completely updated with the latest tables and methods for calculating required minimum distributions. It also covers the special tax benefits for conversions to Roth IRAs and explains how to recharacterize IRA or Roth contributions.

About this title

Book Description:

Whether you’re about to retire, nearing 70 and facing mandatory withdrawal rules, or you just inherited a retirement plan or IRA, IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out explains the rules to help you avoid mistakes that can lead to higher taxes and penalties. In easy to understand plain English, the book is filled with examples and sample forms, as well as lists of relevant tax code sections.

From the Author:

Explains the rules to help avoid mistakes that can lead to higher taxes and penalties. In easy to understand plain English, the book is filled with examples and samples.

About this edition

• Publisher: NOLO
• Publication date: 2019
• ISBN 10: 1413326374
• ISBN 13: 9781413326376
• Binding: Paperback
• Number of pages: 400