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Calculators, forums, articles and more on 72(t) and 72(q) /SEPP Plans. Includes RMD Calculators...


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  • I requested a distribution of $20,000 from my retirement account and elected to have 7% withheld for federal tax. However, the custodian withheld 10% without my permission and informed me that they are required withhold 10%. Is that true?

  • I Inherited an IRA from my father who died January 5, 2013. He was 75 years old at the time of his death and did not take his required minimum distribution (RMD) before his death.  I have received conflicting information about his RMD for 2013. One source informed me that this RMD should be paid from his IRA to his estate and reported under his social security number. Another informed me that I must withdraw the amount from my Inherited IRA to which I will transfer the amount. What is the correct response?