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  2. Take Your Required IRA Minimum Distribution the Right Way

    Your 2010 distribution is based on your account's value on Dec. 31, 2009 and one of three IRS tables (found in Appendix C of IRS Publication 590-- essentially, you're dividing your IRA account ...

  3. Comparison of 401(k) and IRA accounts - Wikipedia

    Total employee (including after-tax Traditional 401 (k)) and employer combined contributions must be lesser of 100% of employee's salary or $58,000 ($64,500 for age 50 or above). There is no income cap for this investment class. $6,000/yr for age 49 or below; $7,000/yr for age 50 or above in 2021; limits are total for traditional IRA and Roth ...

  4. Substantially equal periodic payments - Wikipedia

    Substantially equal periodic payments (SEPP) are one of the exceptions in the United States Internal Revenue Code that allows a retiree to receive payments before age 59 1 ⁄ 2 from a retirement plan or deferred annuity without the 10% early distribution penalty under certain circumstances.

  5. IRA required minimum distributions - Wikipedia

    Required minimum distributions, often referred to as RMDs, are amounts that U.S. tax law requires one to withdraw annually from traditional IRAs and employer-sponsored retirement plans. In the Internal Revenue Code itself, the precise term is "minimum required distribution". Retirement planners, tax practitioners, and publications of the ...

  6. 401(k) - Wikipedia

    If the employee made after-tax contributions to the non-Roth 401(k) account, these amounts are commingled with the pre-tax funds and simply add to the non-Roth 401(k) basis. When distributions are made the taxable portion of the distribution will be calculated as the ratio of the non-Roth contributions to the total 401(k) basis.

  7. SECURE Act - Wikipedia

    Employees who purchase an annuity in their 401(k) can move their annuity to another 401(k) plan at a different employer or to an IRA without paying surrender charges or other penalty fees. 529 plan changes. The SECURE Act allows people saving money in a tax-advantaged 529 plan to use up to $10,000 to pay off student loans.

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