GMK

yah, and when you're invincible, you can do anything, 'cause no one can see you.

The purpose of the rule, as I understand it, is to limit you from giving yourself more than one short term loan per year, to use the money as you wish for 60 days and then return it without being taxed. Multiple direct rollovers (trustee to trustee transfers) are allowed each year, but only one 60-day rollover.

I am able to read your message on the Message Boards. Don't know why you're not seeing them, but I have been able to read other's messages without interruption..

It means that "the third of June" always triggers "another sleepy, dust delta day" in my mind. It has nothing to do with my brother. And although he has baled hay, I have never picked cotton. It was a shame about Billy Joe anyhow.

A non-person beneficiary cannot elect to do a rollover, but persons who are the beneficiaries of a "See-Through" trust are treated as the beneficiaries of the participant and may be able to choose to do a rollover. For example, https://www.kitces.com/blog/qualifying-a-see-through-trust-as-an-ira-designated-beneficiary-conduit-or-accumulation/ But, as far as I know, estates are not see-through trusts, so it is too late.

If the IRA owner wants the son to have an inherited IRA, why not name the son as the beneficiary of the IRA? Then the son can receive the benefit (roll it into an inherited IRA) without having to wait (months and months) for the estate to go through probate. or am I missing something?

I agree.

Good point. Gentry and Diamond ... and my brother's birthday, as well. But for me, the 3rd of June is that sleepy, dusty delta day ... pass the biscuits, please.

... and so ends another sleepy, dusty delta day ...

for reference, the search function works for me. Didn't find anything under "EACA," but the searching looks normal.

Have a great weekend everyone, and remember to remember.

My notes indicates that NUA, if any, is excluded from the amount to which the 20% withholding rate is applied. This is a reason why ESOP's have to keep track of the cost basis in participants' accounts, which can get tedious when figuring in forfeitures and, in the case of an S corp, allocating pass-through earnings.

New and improved software that can't read old e-mail files. Maybe I should have spent the time to figure out how to connect to those older files, but I didn't. In any case, that part's OK. I print out the e-mails I need to save. My concern is about being able to read formatted word processor and scanned document files years from now. If you have a way to ensure that e-files will be readable during the period you may need to produce them, e-filing is great. I simply see it as an issue for which you need to have a plan when you consider going paperless.

For me, it's a matter of how long you need to be able to present a readable (and probably printable) copy of the document. If a document may be needed 30 years from now, it's on paper in a file. If I won't need it a year from now, it's in an electronic file. In between, I have to decide if the software will be available to read the e-file 10 or 15 or however many years from now when I (or someone) might be required to produce it. I can search for keywords in an electronic file faster than paging through a document, but then, having found the references, I sometimes prefer to work with the paper copy. Many, many "saved" e-mails over the years were handy to have on file, but now are lost forever. Print what you need to (for various reasons) and e-file the rest.

Yah, we added the phone number in the For More Information section, which we load up with various contact listings (partly because there was room on the page). I think 'they' really want everyone to use the web site. Either they don't want people to call, or they don't realize that lots of people won't put personal information on-line (or can't). And in spite of it all, we still have more people than I would have expected opting for COBRA coverage. I thought (hoped?) that the Marketplace would move COBRA to the history books. Shows what I know.

Since what's new in the new COBRA notice is mostly advertising for the Marketplace, we generally use the model's words when discussing the Marketplace. We focused our customization efforts on the COBRA parts. In this paragraph, we did not add anything after "Marketplace," in part because we agree that the intention of the sentence is obvious. Even if the grammar is imperfect, we prefer wording that people will easily understand. What did you think might be added?

Looks like 1/2/34 will be a day off for many people, since the Jan. 1 holiday is on a Sunday in 2034. Unless, of course, 1/2 means 01 Feb., in which case, it's a Thursday, and you're on your own. In either case, please try to remember to celebrate big time for me, because if I beat the odds and am still around by then, I probably won't have clue what day it is, or even care. The same, but even more so, for 1/23/45 ... but seeing that day is an interesting goal. I missed it by 3 months last century.

English is such a colorful and versatile language. Enjoy.

and again we say, Thanks, Dave.

jpod: No, I don't think that. It is as you say, the plan administrator makes the call (most preferably with the advice of legal counsel), consistent with the plan document. My point was merely that the beneficiary doesn't get to choose who is next in line to get the benefit if that beneficiary doesn't want it. Had I seen your post before I posted, I would have sat on my hands ... uncomfortable as that is.

A beneficiary can disclaim interest in the benefit, and then it goes to the next beneficiary on the list. In this case, the benefit then goes to the next beneficiary on the list specified in the plan document, which may or may not be the beneficiary that the spouse would choose.

Oh, no. You mean I missed that, too. My timing belt must have skipped a cog. Just so I don't forget my wife's birthday this weekend.

Not only did I jump the gun on Towel Day, I forgot to wish everyone a happy Star Wars Day yesterday. Sorry. So, a belated ... "May the 4th" (be with you).

I can't get past page 1 of this topic: http://benefitslink.com/boards/index.php/topic/27329-fas-87-discount-rates-and-moodys-rates/ I can get the latest information on page 6 by clicking on Reply to this topic, but the "page" buttons return me to page 1. And the View New Content page doesn't think I've viewed it. If it's only me, I can live with it.

The RMD is $872, so the withholding should be $87.20. I'd take the fee out of the account separately and pre-tax, so the participant receives the $784.80 after withholding. dkamikawa - how much does Penchecks withhold when they put $997 in Box 1? Do they issue 1099's for other fees (other than distribution fees) that are taken from participant accounts? If we were charged $125 per distribution, we'd be in the market for a change. But that's just cheapo me.