IRAs, 401(k)s and Other Retirement Plans: Taking Your Money Out » (Ninth Edition)

Twila Slesnick is an Enrolled Agent who specializes in tax and investment planning for retirees and prospective retirees, and does pension plan consulting for individuals and small businesses. She has conducted numerous seminars throughout the U.S. in the areas of retirement and tax planning. Slesnick has been featured on television and radio programs across the country and in publications including Money Magazine, U.S. News & World Report, Newsweek and Consumer Reports. She is the author (with John Suttle) of IRAs, 401(k)s and Other Retirement Plans: Taking Your Money Out (Nolo). Slesnick has a bachelor's, master's and Ph.D., all from the University of California, Berkeley. She lives in Dublin, California.

John Suttle has been practicing law for 18 years. His practice consists of estate and trust planning; probate administration; federal, state and local tax counseling for high net worth individuals and retirement planning under ERISA. Co-author of IRAs, 401(k)s & Other Retirement Plans, he has served as an expert witness in numerous cases and lives in Atherton, California.

Get your cash out of retirement savings without giving away your nest egg to the IRS!

Perhaps your retirement is on the horizon. Or you're changing jobs. Or are about to turn 70.5 years old....

Whatever is going on with your retirement account, IRAs, 401(K)s & Other Retirement Plans is for you! Make sense of the rules that govern distributions from retirement plans - and avoid the stiff taxes and penalties that lurk in the fine print.

The 9th edition is completely updated with the latest tax rates, tables and methods for calculating required distributions. It also reflects the Pension Protection Act of 2006, a huge update to various retirement programs.

With IRAs, 401(K)s & Other Retirement Plans as your guide, you'll know the rules, avoid the penalties and save for your future like a pro.

syndicated money columnistAtlanta Journal Constitution - Hank Ezell

An explanation of the complicated rules on withdrawal, written for ordinary people.

I. How to Use This Book

1. Types of Retirement Plans
Qualified Plans
Individual Retirement Accounts
Almost-Qualified Plans
Nonqualified Plans

2. An Overview of Tax Rules
Taxation Fundamentals
General Income Tax Rules for Retirement Plans
Income Tax on Qualified Plans and Qualified Annuities
Special Income Tax Rules for Tax-Deferred Annuities
Special Income Tax Rules for IRAs

3. Early Distributions: Taking Your Money Out Before the Law Allows
Exceptions to the Early Distribution Tax
Calculating the Tax
Reporting the Tax
Special Rules for IRAs

4. Substantially Equal Periodic Payments
Computing Periodic Payments
Implementing and Reporting Your Decision
Modifying the Payments

5. Required Distributions: Taking Money Out When You Have To
Required Distributions During Your Lifetime
Death Before Required Beginning Date
Death After Required Beginning Date
Special Rules for Tax-Deferred Annuities
Special Rules for Roth IRAs
Penalty
Reporting the Penalty
Waiver

6. Required Distributions During Your Lifetime
Required Beginning Date
Computing the Required Amount
Designating a Beneficiary
Special Rules for Annuities
Divorce or Separation

7. Distributions to Your Beneficiary If You Die Before Age 70
Determining the Designated Beneficiary
Distribution Methods
Spouse Beneficiary
Nonspouse Beneficiary
No Designated Beneficiary
Multiple Beneficiaries, Separate Accounts
Multiple Beneficiaries, One Account
Trust Beneficiary
Estate as Beneficiary
Annuities
Divorce or Separation
Reporting Distributions From IRAs

8. Distributions to Your Beneficiary If You Die After Age 70
Administrative Details
Spouse Beneficiary
Nonspouse Beneficiary
No Designated Beneficiary
Multiple Beneficiaries, Separate Accounts
Multiple Beneficiaries, One Account
Trust Beneficiary
Estate as Beneficiary
Annuities
Divorce or Separation

9. Roth IRAs
Taxation of Distributions
Early Distribution Tax
Ordering of Distributions
Required Distributions

10. Roth 401(k) Plans
Taxation of Distributions
Early Distribution Tax
Ordering of Distributions
Required Distributions

Appendixes

A. IRS Forms, Notices, and Schedules

Form 4972, Tax on Lump-Sum Distributions
Tax Rate Schedule for 1986
Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
Form 5330, Return of Excise Taxes Related to Employee Benefit Plans
Form 5498, IRA Contribution Information
Form 8606, Nondeductible IRAs
Revenue Ruling 2002-62

B. Life Expectancy Tables

Table I: Single Life Expectancy
Table II: Joint Life and Last Survivor Expectancy
Table III: Uniform Lifetime Table
Table IV: Survivor Benefit Limits

Index