IRAs, 401 taking your money out (k)s & Other Retirement Plans: Taking Your Money Out

This is not the type of book you (or at least I) read cover to cover. As I am many years away from retirement, I wanted to know some details about certain types of retirement fund. Specifically, I got this book because I wanted to know more about Roth IRAs. Not only is there an entire chapter dedicated to Roth IRAs, but there is also mention several times throughout the earlier chapters on how Roth IRAs relate to specific tax rules, etc. Just what I wanted! I am very pleased with the information provided, and I do trust the information in the book. If I have future confusion on anything related to IRAs/401(k)s, I will pull out this reference! Again, not the type of book you read through, but if you want to know specifics about different retirement plans you should be pleased with this. Table of Contents......Page 10 Introduction......Page 14 1 Types of Retirement Plans......Page 16 A. Qualified Plans......Page 19 B. Individual Retirement Accounts......Page 24 C. Almost-Qualified Plans......Page 28 D. Nonqualified Plans......Page 29 2 Basic Tax Rules for Distributions An Overview of Tax Rules......Page 32 A. Taxation Fundamentals......Page 34 B. General Income Tax Rules for Retirement Plans......Page 39 C. Income Tax on Qualified Plans and Qualified Annuities......Page 43 D. Special Income Tax Rules for Tax-Deferred Annuities......Page 61 E. Special Income Tax Rules for IRAs......Page 62 F. How Penalties Can Guide Planning......Page 65 3 Early Distributions: Taking Your Money Out Before the law Allows......Page 68 A. Exceptions to the Early Distribution Tax......Page 69 C. Reporting the Tax......Page 75 D. Special Rules for IRAs......Page 82 4 Substantially Equal Periodic Payments......Page 88 A. Computing Periodic Payments......Page 91 B. Implementing and Reporting Your Decision......Page 99 C. Modifying the Payments......Page 101 5 Required Distributions: Taking Money Out When You Have......Page 106 A. Required Distributions During Your Lifetime......Page 108 B. Death Before Required Beginning Date......Page 109 D. Special Rules for Tax-Deferred Annuities......Page 110 E. Special Rules for Roth IRAs......Page 111 F. Penalty......Page 112 G. Waiver......Page 118 6 Required Distributions During Your Lifetime......Page 120 A. Required Beginning Date......Page 122 B. Computing the Required Amount......Page 124 C. Designating a Beneficiary......Page 129 D. Special Rules for Annuities......Page 132 E. Divorce or Separation......Page 135 7 Distributions to Your Beneficiary If You Die Before Age 70-1/2......Page 140 A. Determining the Designated Beneficiary......Page 142 B. Distribution Methods......Page 144 C. Spouse Beneficiary......Page 147 D. Nonspouse Beneficiary......Page 153 E. No Designated Beneficiary......Page 155 G. Multiple Beneficiaries, One Account......Page 156 H. Trust Beneficiary......Page 162 I. Estate as Beneficiary......Page 165 J. Annuities......Page 166 K. Divorce or Separation......Page 167 L. Reporting Distributions From IRAs......Page 168 8 Distributions to Your Beneficiary If You Die After Age 70-1/2......Page 170 A. Administrative Details......Page 172 B. Spouse Beneficiary......Page 174 C. Nonspouse Beneficiary......Page 179 D. No Designated Beneficiary......Page 181 F. Multiple Beneficiaries, One Account......Page 182 G. Trust Beneficiary......Page 186 I. Annuities......Page 188 J. Divorce or Separation......Page 189 9 Roth IRAs......Page 192 A. Taxation of Distributions......Page 195 B. Early Distribution Tax......Page 204 C. Ordering of Distributions......Page 207 D. Required Distributions......Page 208 A IRS Forms, Notices, and Schedules......Page 210 Form 4972, Tax on Lump-Sum Distributions......Page 211 Tax Rate Schedule for 1986......Page 215 Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts......Page 216 Form 5330, Return of Excise Taxes Related to Employee Benefit Plans......Page 224 Form 5498, IRA Contribution Information......Page 238 Form 8606, Nondeductible IRAs......Page 239 Revenue Ruling 2002-62......Page 249 B Life Expectancy Tables......Page 254 Table I: Single Life Expectancy......Page 255 Table II: Joint Life and Last Survivor Expectancy......Page 256 Table III: Uniform Lifetime Table......Page 274 Table IV: Survivor Benefit Limits......Page 275 Index......Page 276 Table of Contents 10 Introduction 14 1 Types of Retirement Plans 16 A. Qualified Plans 19 B. Individual Retirement Accounts 24 C. Almost-Qualified Plans 28 D. Nonqualified Plans 29 2 Basic Tax Rules for Distributions An Overview of Tax Rules 32 A. Taxation Fundamentals 34 B. General Income Tax Rules for Retirement Plans 39 C. Income Tax on Qualified Plans and Qualified Annuities 43 D. Special Income Tax Rules for Tax-Deferred Annuities 61 E. Special Income Tax Rules for IRAs 62 F. How Penalties Can Guide Planning 65 3 Early Distributions: Taking Your Money Out Before the law Allows 68 A. Exceptions to the Early Distribution Tax 69 B. Calculating the Tax 75 C. Reporting the Tax 75 D. Special Rules for IRAs 82 4 Substantially Equal Periodic Payments 88 A. Computing Periodic Payments 91 B. Implementing and Reporting Your Decision 99 C. Modifying the Payments 101 5 Required Distributions: Taking Money Out When You Have 106 A. Required Distributions During Your Lifetime 108 B. Death Before Required Beginning Date 109 C. Death After Required Beginning Date 110 D. Special Rules for Tax-Deferred Annuities 110 E. Special Rules for Roth IRAs 111 F. Penalty 112 G. Waiver 118 6 Required Distributions During Your Lifetime 120 A. Required Beginning Date 122 B. Computing the Required Amount 124 C. Designating a Beneficiary 129 D. Special Rules for Annuities 132 E. Divorce or Separation 135 7 Distributions to Your Beneficiary If You Die Before Age 70-1/2 140 A. Determining the Designated Beneficiary 142 B. Distribution Methods 144 C. Spouse Beneficiary 147 D. Nonspouse Beneficiary 153 E. No Designated Beneficiary 155 F. Multiple Beneficiaries, Separate Accounts 156 G. Multiple Beneficiaries, One Account 156 H. Trust Beneficiary 162 I. Estate as Beneficiary 165 J. Annuities 166 K. Divorce or Separation 167 L. Reporting Distributions From IRAs 168 8 Distributions to Your Beneficiary If You Die After Age 70-1/2 170 A. Administrative Details 172 B. Spouse Beneficiary 174 C. Nonspouse Beneficiary 179 D. No Designated Beneficiary 181 E. Multiple Beneficiaries, Separate Accounts 182 F. Multiple Beneficiaries, One Account 182 G. Trust Beneficiary 186 H. Estate as Beneficiary 188 I. Annuities 188 J. Divorce or Separation 189 9 Roth IRAs 192 A. Taxation of Distributions 195 B. Early Distribution Tax 204 C. Ordering of Distributions 207 D. Required Distributions 208 Appendixes 210 A IRS Forms, Notices, and Schedules 210 Form 4972, Tax on Lump-Sum Distributions 211 Tax Rate Schedule for 1986 215 Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts 216 Form 5330, Return of Excise Taxes Related to Employee Benefit Plans 224 Form 5498, IRA Contribution Information 238 Form 8606, Nondeductible IRAs 239 Revenue Ruling 2002-62 249 B Life Expectancy Tables 254 Table I: Single Life Expectancy 255 Table II: Joint Life and Last Survivor Expectancy 256 Table III: Uniform Lifetime Table 274 Table IV: Survivor Benefit Limits 275 Index 276 Don't give your nest egg away to the IRS!Perhaps your retirement is on the horizon. Or you're changing jobs. Or are about to turn 70.5 years old....Whatever is going on with your retirement account, IRAs, 401(K)s & Other Retirement Plans is for you! Make sense of the rules that govern distributions from retirement plans – and avoid the stiff taxes and penalties that lurk in the fine print.In plain English, this book discusses all common types of retirement plans, including 401(k)s and other profit-sharing plans, Keoghs, IRAs and tax-deferred annuities. It covers:tax strategies before and at retirementpenalties for taking money out earlyminimizing taxesdistributions you must takedistributions to your heirsThe 8th edition is completely updated with the latest tax rates, tables and methods for calculating required distributions. It also reflects the Pension Protection Act of 2006, a huge update to various retirement programs.With IRAs, 401(K)s & Other Retirement Plans as your guide, you'll know the rules, avoid the penalties and save for your future like a pro. If you answer "yes" to any of these questions, this book is for you. Make sense of the rules that govern distributions from retirement plans- and avoid the stiff penalties that lurk in the fine print.Understand the common types of retirement plans, including 401(k)s and other profit-sharing plans, Keoghs, IRAs and tax-deferred annuities. Figure out how to avoid or minimize the taxes and penalties that can deplete a retirement account.The 7th edition is completely updated with the latest tax rates, tables, and methods for calculating required distributions. It also provides new information on Roth IRAs and bankruptcy. IRAs, 401(k)s & Other Retirement Plans helps you make sense of the rules that govern distributions from retirement plans, and avoid the stiff penalties that lurk in the fine print. It covers the different types of retirement plans -- including 401(k)s and other profit-sharing plans, Keoghs, IRAs and tax-deferred annuities -- and the taxes and penalties that can deplete your nest egg.