IRA's, 401(k)s & Other Retirement Plans: Taking Your Money OutIRAs, 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 them. In plain English, the book covers: -- tax strategies for before and after retirement -- distributions one must take -- distributions to heirs after death -- Roth IRAs -- eligibility, taxation, rollovers and more This book is completely overhauled to reflect the new tax laws passed by Congress in 2001. It provides the new 2002 rules and necessary tables. |
Contents
Basic Tax Rules for Distributions | 2-3 |
Taxes on Early Distributions | 3-1 |
B Reporting the Tax | 3-9 |
Copyright | |
Common terms and phrases
account balance additional tax age 59½ Age Annuity Age alternate payee amount on Form amount on line Annuity Age Annuity annuity factor bution Chapter ciary compute converted Coverdell custodian death December 31 deduction designated beneficiary distri early distribution tax earnings employer equal periodic payments example excess contributions expectancy rule file Form five-year rule former spouse funds income tax individual retirement account line 16 ment plan modified endowment contract multiple beneficiaries Non-Spouse Beneficiary nondeductible contributions option ordinary income Paperwork Reduction Act participant participant's penalty plan assets plan or IRA portion private letter rulings prohibited transaction QDRO qualified annuity qualified plan recharacterized required distribution rules retirement account retirement plan roll rollover Roth IRA SEP IRA SIMPLE IRA sole beneficiary Spouse Beneficiary spouse's substantially equal periodic Subtract line take a distribution tax return taxable amount TDAS ten-year averaging tion traditional IRA trust withdraw