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IRAs, 401(k)s & Other Retirement Plans: Strategies for Taking Your Money Out

Product ID : 46077713


Galleon Product ID 46077713
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About IRAs, 401(k)s & Other Retirement Plans: Strategies

Product Description Save your nest egg from the IRS About to retire? Over 72 and facing mandatory withdrawal rules? Just inherited money from a retirement plan? Whether you have an IRA, Roth IRA, 401(k), Keogh or other retirement plan, this book will help you make sense of the rules for taking your money out. Even more important, it will show you how to avoid the stiff taxes and penalties that lurk in the fine print. It covers: tax strategies before and after retirement required distributions and how much you need to take penalties for taking money out early and how to avoid them how to divide a plan at divorce what happens to your retirement plan after your death, and different rules for taking money out of an inherited plan. The 15th edition covers all of the latest changes, including: new start age for required distributions big changes to distribution rules for inherited retirement plans and IRAs new rules regarding the taxation and repayment of Covid-related distributions, and new life expectancy tables for mandatory distributions. Review “Depending on the size of the IRA and the age of the beneficiary, it might be smarter to pay the penalty than to liquidate the account simply to avoid the penalty,” says Twila Slesnick,author of IRAs, 401(k)s & Other Retirement Plans. Kiplinger’s Retirement Report "A more impressively clear and comprehensive layman's guide is IRAs, 401(k)s & Other Retirement Plans..." U.S. News & World Report "Few resources are as valuable when it comes to financial planning in later life." The Wall Street Journal "This book belongs on the bookshelf of anyone with a retirement plan. Here's where you'll find the answers." Kiplinger's Personal Finance "Uses everyday language to describe Internal Revenue Service rules for making withdrawals from retirement plans." The Wall Street Journal About the Author Twila Slesnick is an Enrolled Agent who specializes in tax and investment planning for retirees and prospective retirees, and does pension plan consulting for individuals and small businesses. She has conducted numerous seminars throughout the U.S. in the areas of retirement and tax planning. Slesnick has been featured on television and radio programs across the country and in publications including Money Magazine, U.S. News & World Report, Newsweek and Consumer Reports. She is the author (with John Suttle) of IRAs, 401(k)s and Other Retirement Plans: Taking Your Money Out. Slesnick has a bachelor's, master's and Ph.D., all from the University of California, Berkeley. John Suttle has been practicing law for 18 years. His practice consists of estate and trust planning; probate administration; federal, state and local tax counseling for high net worth individuals and retirement planning under ERISA. Co-author of IRAs, 401(k)s & Other Retirement Plans, he has served as an expert witness in numerous cases.