 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Gadgets every day uses for new and old technologies.
|
|
 |
Qualified Plan & IRA Distributions
Here are some key concepts that you need to know when you are distributing (or not distributing) the assets from your IRAs and your qualified plans.
- Required Beginning Date. April 1 of the year following the calendar year in which you attain age 70 1/2.
- First Distribution Year. The year you attain age 70 1/2. Even though the actual distribution year may be delayed up to April 1 of the following year, the amount is the same as if paid out without a delay.
- Minimum Required Distribution (MRD). The minimum withdrawal necessary to avoid a 50% tax penalty.
- Applicable Life Expectancies (ALE). A factor found in IRS Tables V and VI, indicating the individual or joint life expectancy of both the participant and the beneficiary.
- Account Plan. Applicable rules for any individual account type plan in which an anniuty is not purchased.
- Term Certain Method. With this approach the applicable life expectancy (ALE) is reduced by one each distribution year.
- Recalculation Method. With this approach, the ALE factor is recalculated each distribution year using IRS Tables V and VI. Only the participant and/or the spouse may recalculate life expectancies; a non-working beneficiary may not recalculate.
- Mimimum Distribution Incidental Benefits Rule (MDIB). Requires a larger distribution than under the ALE approach, but only when the beneficiary is a non-spouse more than 10 years younger than the participant.
- Applicable Divisor. The number under the MDIB rule which is substituted for the ALE when the non-spousal beneficiary is more than 10 years younger than the participant.
|
|
|
 |
Early America - We're building up a pretty large database of events from Early America. History buffs shouldn't miss this section, including a database of all major battles in the American Revolution and the French/Indian War -- CLICK HERE
The goal of this database is to have a history of all major political, military and other events in the early history of the US.
|
|
|
|