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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 >> |
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