IRAs, 401(k)s & other retirement plans : strategies for taking your money out

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Where to find it

Law Library — 4th Floor Collection (4th floor)

Call Number
KF3510.Z9 S55 2015
Status
In-Library Use Only

Authors, etc.

Names:

Summary

Take cash out of your retirement plan while avoiding taxes and penalties

If you have a retirement plan, IRAs, 401(k)s & Other Retirement Plans is your comprehensive guide on taking money out of it. Make sense of the complex tax rules governing when you can take money out of your plan and how much--all while avoiding the penalties and taxes that lurk in the fine print.

In plain English, this book covers the most common retirement plans, including 401(k)s, IRAs, profit-sharing plans, Keoghs, pensions, and tax-deferred annuities. It helps you answer these questions:

What kind of retirement plan do I have?
Can I take money out of my plan before I retire?
Can I borrow money from my 401(k) to buy a house?
What should I do with my 401(k) when I switch jobs?
What is a Roth 401(k)?Can I set one up?
When do I need to start taking money out of my plan?
What happens to my plan when I die?

Completely updated, IRAs, 401(k)s & Other Retirement Plans provides clear examples to guide you through the decision-making process and the crunching of tax numbers. Samples of tax forms required by the IRS are also included, as well as easy-to-follow instructions on completing them.

Contents

Your retirement companion -- Types of retirement plans -- An overview of tax rules -- Early distributions: taking your money out before the law allows -- Substantially equal periodic payments -- Required distributions: taking money out when you have to -- Required distributions during your lifetime -- Distributions to your beneficiary if you die before age 70 1/2 -- Distributions to your beneficiary if you die after age 70 1/2 -- Roth IRAs -- Roth 401(k) plans.

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