Featured Jobs
|
Retirement Plan Onboarding Specialist Compass
|
|
DWC - The 401(k) Experts
|
|
Relationship Manager - Defined Contributions Daybright Financial
|
|
DWC - The 401(k) Experts
|
|
Frank Pension Consultants, Ltd.
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
PPS Pension Services
|
|
MAP Retirement
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Minimum Required Distribution Relief: What It Means and Why Is It Important to Your Retirees Now (PDF)
Alston & Bird LLP 
[Guidance Overview] Dec. 15, 2008 2 pages. Excerpt: The IRS and Treasury have indicated they intend to issue relief within the next few weeks. Obviously, this will be too late for anyone who initiates a withdrawal now, knowing that it takes some time to process a distribution. Also, at this time, we do not know what relief will be available for 2008. Our belief is that, most likely, the IRS willallow the retiree to take out 10% of $400,000 rather than 10% of $1,000,000. This would be a significant help. As of now, probably the best advice is to hold off on MRDs until the last possible minute, or until MRD relief is published. MORE >> |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |