New Law Lets You Skip Required Minimum Distributions (RMDs)
Source: http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog/0/0/new-law-lets-you-skip-required-minimum-distributions-rmdsPosted on Monday, January 5th, 2009 | In Stocks to Watch
On December 23, I wrote A title=No required minimum distributions for retirees! href=http://www.moneyandmarkets.com/three-more-year-end-steps-for-greater-wealth-2-28944an article for Moneyamp;Markets that talked about a possible suspension of required minimum distributions/A for retirees. brbrWell, on that very same day, andnbsp;off most investors’ radar screens, that legislation did pass.brbrWhat this means is that anyone over age 70 1/2 does not have tonbsp;withdraw money from their retirement accounts in 2009.nbsp;brbrWhat’s the reasoning? Well, Congress doesn’t want to force people to have tonbsp;cash out whilenbsp;investments are down and out.nbsp;brbrThat’snbsp;greatnbsp;…nbsp;and it’s even better for anyone who’d rather leave their money in tax-sheltered accounts no matter what the markets are doing!nbsp;brbrI suggest you take advantage of this temporary reprieve if possible.brnbsp;nbsp;nbsp;
Last 5 posts by Nilus Mattive
- GM’s Bankruptcy and Changes to the Dow! - June 2nd, 2009
- Lessons from Warren Buffett’s Latest Letter - March 10th, 2009
- A big stock rally in … 2011? - January 20th, 2009
- A thoughts for the start of 2009 - January 5th, 2009
- Quick note on Pfizer's Dividend Announcement - December 17th, 2008
 About Nilus Mattive (http://blogs.moneyandmarkets.com/blog/the-dividend-superstars-blog)
Nilus Mattive, a financial analyst at Weiss Research, is the editor of Dividend Superstars, a monthly publication and is also the editor of the company’s daily e-letter, Money and Markets. Formerly a senior editor of Standard & Poor’s The Outlook, the oldest continuously published investment newsletter in the country, he has written for a number of investment websites, including BusinessWeek and Individual Investor. Mr. Mattive is the author of The Standard & Poor’s Guide for the New Investor (McGraw-Hill, 2004) and has appeared on the popular investment radio show, Traders Nation, to discuss his views on personal finance. Mr. Mattive graduated cum laude from the University of Scranton. |
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