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Tip Jan 2009 - "TIP: Get To Know The New IRA Rules"

Tip Jan 2009 - "TIP: Get To Know The New IRA Rules"

Tip Jan 2009 - "TIP: Get To Know The New IRA Rules"

Excerpt


TIP: Get To Know The New IRA Rules



Recognizing that many seniors saw their IRA balances hurt by the stock market plunge, Congress has provided some relief by suspending the minimum required distribution (MRD) rules for 2009. This move is designed to help Seniors who can afford to leave their savings alone, a chance to recoup some of their losses when the stock market rebounds. The rules were not easy to understand in the first place, so to make sure you avoid the pitfalls, it’s smart to consult your tax professional soon.


 



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