IRAs, 401(k)s & Other Retirement Plans

Take cash out of your retirement plan while avoiding taxes and penalties

If you have a retirement plan, IRAs, 401(k)s & Other Retirement Plans is your comprehensive guide to taking money out of it. Make sense of the complex tax rules governing when you can — and when you need to — take money out of your plan, and how much you can take out. Most importantly, avoid the penalties that many folks have to pay because they don't take their required minimum distributions.

In plain English, this book covers the most common retirement plans, including 401(k)s, IRAs, profit-sharing plans, Keoghs, pensions, and tax-deferred annuities. It helps you answer these questions:

• When do I need to start taking money out of my plan?
  
• How do I calculate my required minimum distributions?
  
• Can I take money out of my plan before I retire?
  
• Can I borrow money from my 401(k) to buy a house?
  
• Can I contribute to a Roth IRA?
  
• What should I do with my 401(k) when I switch jobs?
  
• What is a Roth 401(k)?
  
• What happens to my plan when I die?
  
• What are the different rules for taking money of out an inherited plan?
  

Completely updated, IRAs, 401(k)s & Other Retirement Plans provides clear examples to guide you through the decision-making process and making calculations. Samples of tax forms required by the IRS are also included, as well as easy-to-follow instructions on completing them.