This month, Contributing Editor and EBN legal eagle Frank Palmieri helps you find the devil in the details of the federal suspension of the required minimum distribution provision in the Worker, Retiree and Employer Recovery Act. WRERA suspends for 2009 IRS rules that compelled retirees age 70 1/2 and older to take required minimum distributions from defined contribution retirement plans and IRAs.
Although the law's goal was reasonable and the solution simple, it leads to inevitable complexity. Why can't anything in this industry ever be simple?
Read what Frank advises here.
Monday, March 23, 2009
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