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I am a healthy number of years ahead of retirement, but I am trying to prepare for the inevitable. I don't really know what tax-related requirements I will need to fulfil when I do eventually start cleaning out our IRA and 401(k) accounts for retirement. Can anyone suggest a book or books that I can get to tell me a)what actions I should be taking now and b)what documentation I need to have, if any, to satisfy tax requirements then?
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Go to the bottom of your screen and click the *Retirement Planning link.

Phil
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Yes, I did. It's good stuff, and I learned a thing or three about planning and strategy from it. But it doesn't tell me what documentation, if any, I need to squirrel away, whether I can claim losses, if any, on stocks sold within an IRA, that sort of stuff.

Thanks, though. Anyone else have any suggestions?
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Losses and gains within an IRA "don't matter". When you withdraw the money, it is considered ordinary income, unless it's in a Roth IRA established more than five years ago, in which case it is tax-free income.

There is an IRS form (sorry, I forget the number) that you file each year showing your contributions for the year, and your basis (tax-paid contributions total). KEEP these forms. Gains/Losses are not reported.

Hope this helps!

BGauer
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