Information for retirees and future retirees on asset preservation and income planning. Last radio show featured on "Securing your Retirement" KLAY 1180AM. Opinions and views-not recommendation for sale or purchase of products. Consult with a financial advisor. Licensed insurance agent, investment advisor. Investment Advisory Services offered through Retirement Wealth Advisors, Inc., an SEC Registered Investment Advisor.
Friday, February 24, 2012
What types of retirement plans require minimum distributions?
The RMD rules apply to all employer sponsored retirement plans, including profit-sharing plans, 401(k) plans, 403(b) plans, and 457(b) plans. The RMD rules also apply to traditional IRAs and IRA-based plans such as SEPs, SARSEPs, and SIMPLE IRAs.
The RMD rules also apply to Roth 401(k) accounts. However, the RMD rules do not apply to Roth IRAs while the owner is alive.
No distributions are required.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
We welcome your comments