Wills, Trusts, and Estates in PennsylvaniaIRA distributions » Wills, Trusts, and Estates in Pennsylvania

Restarting IRA and 401(k) Distributions For 2010

David M. Frees III — Sun, 31 Jan 2010 16:32:18 +0000

Frees has received AVVO's

IRA and 401(k) Distribution Rules For 2010 or How Do I Restart The Withdraws?

By: Attorney David Frees with offices in Malvern, West Chester and Phoenixville, Pennsylvania

If you stopped taking mandatory IRA or 401(k) distributions last year you might be wondering if you can do the same this year. The quick answer? No.

Well then, the next question is: “If they only allowed me to skip distributions last year how do I start taking them again and are their any remaining effects from last years’s law change on how I calculate distributions?”

Again, for almost all tax payers, there is no change. Your calculation method will be the same as before the 2009 one year change. However, sinceyou skipped a year of withdraws, your calculation will be based on a larger number. That’s it. Fairly simple for a change.

However, there are two technical matters where you might need to pay special attention.

For more on how to calculate mandatory IRA distributions for 2010 see this brief article.

To update your estate planning for greater flexibility during these uncertain times, or for more information about the many options you have in using your IRA or 401(k) assets in your estate planning, call 610-933-8069 for an estate planning guide, or for an appointment. Mention this code: 2010DavidFrees for a special discount and a frees cd of estate planning ideas to protect your heirs by David Frees.

Share and Enjoy

• Facebook • Twitter • LinkedIn • Add to favorites • Email • Print

If You’re Over 70 1/2 with an IRA The IRS Has Important News For You

David M. Frees III — Wed, 07 Oct 2009 10:04:21 +0000

David M Frees III on IRA Distribution News

If you are over 70 1/2 and have an IRA you may have missed the change in the law that said that you don’t have to take required mandatory minimum distributions this year. well, if you have taken your RMDs for this year and want to put them back, then there is some good news for you.
Click this link to see my brief new article on an important legal change about IRAs and RMDs (required minimum distributions) that might make a big difference to you.

Remember, that as the end of the year rolls around, to check your IRA, 401(k), and life insurance beneficiary designations to make sure that they are still current and that they match your planning. You will thank us if you find your ex spouse or the wrong beneficary listed.

David M. Frees III, Esquire
Are you over 70 1/2? Do you have an IRA?
Enhanced Estate planning might be better but
not much more expensive than a simple will.

Discover how you can protect your legacy and your
heirs from law suits, divorce and, death taxes.
610-933-8069

For a Free report visit our blog at www.PaEstatePlanners.com

or click the images below.

Free Report on The Most Copmmon Mistake Executor's Make

Enhanced Estate Planning and Asset Protection For Your Heirs

Share and Enjoy

• Facebook • Twitter • LinkedIn • Add to favorites • Email • Print

New Alert ON RMDs From IRAs

David M. Frees III — Mon, 30 Mar 2009 17:21:45 +0000

Attorney David M. Frees III

If you are 70 1/2 or older there are new rules on required minimum distributions from your IRA. Just click the highlighted line to read more.

David M. Frees III
Pennsylvania Lawyer
Avvo Rated 9.4 Superb.

Visit our convenient offices serving Chester County, Montgomery County, as well as Lancaster County, Berks Delaware and Philadelphia Counties Just click for directions.

Share and Enjoy

• Facebook • Twitter • LinkedIn • Add to favorites • Email • Print