Message Font: Serif | Sans-Serif
No. of Recommendations: 1
FattiGutt writes:

Proposed new regulations for required minimum distributions are available @

These are not for the faint of heart but page 52 is a chart of divisors that are more liberal (leaves more $ in your account)than present instructions.

Let's hope that Pixy will digest this for us before the 1 April due date.

LOL. I agree the regs aren't the easiest thing to read. And the chart is nothing more than the MDIB table that currently appears in Appendix E of IRS Publication 590.

I'll have a Special column on the proposed regs appearing sometime next week when the editors get through with it. All in all, it looks like a superb planning opportunity for those with large IRAs. And for those already taking distributions after age 70 1/2, they now have an opportunity to correct any mistakes they may have made in the method they're using. IMHO it's a huge step in the right direction on making a complicated issue relatively simple for all.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.