Sentence examples for minimum distributions from from inspiring English sources
The Internal Revenue Service accomplished this by changing its rules governing minimum distributions from retirement accounts, including I.R.A.'s, 401 k)'s and the like.
Deferred loads on Class B shares may be waived for investors who must sell as a result of a divorce or disability or to meet required minimum distributions from an individual retirement account.
Required minimum distributions from retirement plans — which normally must begin by April 1 of the year after the account holder turns 70 1/2 — have been suspended for 2009.
Much more certain, however, is that the suspension of required minimum distributions from I.R.A.'s for 2009 will not be repeated.
The Internal Revenue Service issued final regulations on required minimum distributions from retirement plans last April, and now "the bottom line is that you can take less money out," said Nicholas Kaster of CCH Inc., a provider of tax and pension information.
An article in the special Your Taxes report last Sunday about tax planning for retirement accounts misstated part of a rule governing required minimum distributions from 401(k) plans when an account holder reaches 70 1/2.
"I was required to take the minimum distribution" from an account at Merrill Lynch, said Hartley E. Grundstrom of Hampden, Mass., who reached the magic age recently.
If you have more than 401 k), however, you must take a minimum distribution from each of them.
If you're 70 or older and haven't taken your 2008 required minimum distribution from your individual retirement accounts, delay a few weeks more.
For example, if your pro neglects to tell you about a required minimum distribution from a retirement account or bungles a rollover from one retirement account to another, you could get hit with a tax penalty.
In addition, since the IRS requires minimum distributions (RMDs) from traditional IRAs, this distributed amount is added to your other taxable income in the case that you don't convert.
