IRAs, 401(K)S and Other Retirement Plans : Taking Your Money Out

by Slesnick, Twila; Suttle, John C.; Delpo, Amy

• ISBN13: 9781413300789
• ISBN10: 1413300782
• Edition: 6th
• Format: Paperback
• Copyright: 2004-08-01
• Publisher: Nolo

Table of Contents

How to Use This Book
Types of Retirement Plans
Qualified Plans	4	(6)
Individual Retirement Accounts	10	(4)
Almost-Qualified Plans	14	(1)
Nonqualified Plans	15
Basic Tax Rules for Distributions
Taxation Fundamentals	3	(5)
General Income Tax Rules for Retirement Plans	8	(4)
Income Tax on Qualified Plans and Qualified Annuities	12	(20)
Special Income Tax Rules for Tax-Deferred Annuities	32	(1)
Special Income Tax Rules for IRAs	33	(3)
How Penalties Can Guide Planning	36
Taxes on Early Distributions
Exceptions to the Tax	2	(7)
Reporting the Tax	9	(4)
Special Rules for IRAs	13
Avoiding the Early Distribution Tax: Substantially Equal Periodic Payments
General Rules for Computing Payments	2	(3)
Computing Periodic Payments	5	(7)
Implementing and Reporting Your Decision	12	(3)
Modifying the Payments	15
When Must You Begin to Take Your Money?
Required Distributions During Your Lifetime	3	(1)
Death Before Required Beginning Date	4	(1)
Death After Required Beginning Date	5	(1)
Special Rules for Tax-Deferred Annuities	5	(2)
Special Rules for Roth IRAs	7	(1)
Penalty	7	(6)
Waiver	13
Distributions You Must Take During Your Lifetime
Required Beginning Date	3	(3)
Computing the Required Amount	6	(5)
Designating a Beneficiary	11	(4)
Special Rules for Annuities	15	(3)
Divorce or Separation	18
Distributions to Your Beneficiary If You Die Before Age 701/2
Determining the Designated Beneficiary	3	(2)
Distribution Methods	5	(3)
Spouse Beneficiary	8	(6)
Non-Spouse Beneficiary	14	(2)
No Designated Beneficiary	16	(1)
Multiple Beneficiaries, Separate Accounts	17	(1)
Multiple Beneficiaries, One Account	18	(5)
Trust Beneficiary	23	(4)
Estate As Beneficiary	27	(1)
Annuities	27	(1)
Divorce or Separation	28	(2)
Reporting Distributions	30
Distributions to Your Beneficiary If You Die After Age 70 1/2
Administrative Details	3	(3)
Spouse Beneficiary	6	(5)
Non-Spouse Beneficiary	11	(2)
No Designated Beneficiary	13	(1)
Multiple Beneficiaries, Separate Accounts	14	(1)
Multiple Beneficiaries, One Account	14	(4)
Trust Beneficiary	18	(2)
Estate as Beneficiary	20	(1)
Annuities	21	(1)
Divorce or Separation	21
Roth IRAs
Taxation of Distributions	3	(10)
Early Distribution Tax	13	(3)
Ordering of Distributions	16	(1)
Required Distributions	17
Appendices
A IRS Forms, Notices, and Schedules
Form 4972 Tax on Lump-Sum Distributions	2	(4)
Tax Rate Schedule for 1986	6	(1)
Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts	7	(6)
Form 5330 Return of Excise Taxes Related to Employee Benefit Plans	13	(13)
Form 5498 IRA Contribution Information	26	(1)
Form 8606 Nondeductible IRAs	27	(10)
Revenue Ruling 2002-62	37
B Life Expectancy Tables
Table I Single Life Expectancies	2	(1)
Table II Joint Life and Last Survivor Expectancy	3	(18)
Table III Uniform Table	21	(1)
Table IV Survivor Benefit Limits	22
Index