Category Archives: Required Minimum Distributions

Denise ApplebyPlease mark Your IRA Calendar with the following deadlines

Denise Appleby (Sep 19, 2011)

October 17: Deadline to recharacterize a 2010 Roth Conversion or IRA Contribution. October 31: Deadline to provide trust documentation to the IRA custodian, if the IRA owner died during 2010 and the beneficiary of the IRA is a qualified trust. … Continue reading →

Posted in 401(k), Beneficiary Forms, Distributions, Inherited IRAs, Required Minimum Distributions | Leave a comment

Lewis RobinsonEstate as a Beneficiary of Your IRA Is Usually a Mistake!

Lewis Robinson (Feb 13, 2011)

If you make your estate the beneficiary of your IRA, you will lose some of the opportunities to stretch the IRA over the life of your beneficiaries. Your objecive in regard to your beneficiary forms should be to allow your … Continue reading →

Posted in Estates, Inherited IRAs, Required Minimum Distributions | Leave a comment

Lewis RobinsonThe 2010 Tax Relief Act Law Extends The Exclusion for Qualified Charitable Distributions To Distributions Beginning After December 31, 2009 and Before January 1, 2012

Lewis Robinson (Dec 24, 2010)

December 24, 2010 The 2010 Tax Relief Act extends the exclusion for qualified charitable distributions made in tax years after December 31, 2009 and before January 1, 2012. Specifically, a taxpayer may exclude from gross income so much of the … Continue reading →

Posted in Charities, Distributions, Required Minimum Distributions | Tagged , | 3 Comments

Lewis RobinsonRequired Minimum Distributions for 2010

Lewis Robinson (Nov 06, 2010)

Take required minimum distributions (RMD) from your IRA or 401(k) plan (or other employer-sponsored retired plan) if you have reached age 70 1/2. Failure to take a required withdrawal can result in a penalty of 50% of the amount not … Continue reading →

Posted in Required Minimum Distributions | Tagged | Leave a comment