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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19378  
Subject: Re: New IRA distribution rules Date: 1/31/2001 8:51 AM
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Greetings, Bontedwaas, and welcome. You asked:

Do the new Ira distribution rules also apply to a self employed Keogh retirement account?
If so, where do I obtain the new table that gives the new division factor?


A Keogh is a qualified retirement plan, not an IRA. The rules might apply to your plan, but that's totally contingent on what the documents say about minimum required distributions. Plans are not obligated to follow the new rules, and could force a payout. There's also some question as to whether plan documents must be amended to allow use of the new rules this year.

Check with your plan administrator/custodian to see if the new rules will apply. If they do, the table you need can be found at http://www.irs.gov/forms_pubs/graphics/15160x16.gif. It's nothing more than the old Minimum Distribution Incidental Benefit table found in Appendix E of IRS Publication 590.

Regards..Pixy
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