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

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