Articles on Distribution Planning

• Meet Your RMD Deadline or You Will Owe the IRS Penalties! Retirement account owners and beneficiaries may need to withdraw a minimum amount from their retirement accounts by December 31, in order to avoid owing an excise tax of 50% of the amount to the IRS. Read on

• Donating Retirement Assets to Charities :Americans have long been looking for ways to donate their retirement assets to charities on a tax-free basis, while they are alive. The PPA of 2006 provide options for some...

• Substantially Equal Periodic Payments : Generally, taxable distributions from IRAs, qualified plans or 403(b) account are subject to a 10% excise tax (early distribution penalty), if ...
  

• Roth IRA Distributions : The determination of whether a Roth IRA distribution is qualified is fairly simple. On the other hand, determining whether any portion of a non-qualified Roth distribution is taxable is a more involved process

• Timing of a Donation of IRA Assets Determines Taxation : The timing of a gift of retirement assets to charity will determine its tax impact..