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The Tools and Information needed to

Learn About Your Retirement Accounts

Looking for simplified answers to questions about your IRAs, Roth IRAs and 401(k)s?

You’ll find them here.

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The Top 3 Rules You Must Know
Before Doing any Transactions with Your Retirement Accounts

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Distributions + Roth Conversions

Early Distribution + RMD + Roth Accounts

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Beneficiary Options

Spouse beneficiary + nonspouse + nonperson

The Cost of Mistakes

Know
The
Risks

10% Penalty

Exceptions

The early distribution penalty that applies to distributions taken before you reach age 59 ½ . Know the exceptions.

6% Excise Tax

Ineligible contributions

The cost of exceeding your contribution limits. 6% excise per year unless properly corrected.

RMD excise tax

Owners and Beneficiaries

The cost of not taking required distributions by the applicable deadline.

Term Of The Day

Definition Any amount by which  the RMD due for the year is short. Example: If the RMD for the year is $10,000, and only $8,000 was distributed from the retirement account, the excess accumulation is $2,000 ( $10,000-$8,000). Referring Cite IRC § 4974, ; Treas. Reg. §54.4974-1 Additional Helpful Information An Excess accumulation penalty applies to excess accumulations. However, the penalty may be waived by the IRS if the participant is able to establish that the failure to withdraw th…

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