On 12/23/08, President Bush signed the Worker, Retiree & Employer Recovery Act of 2008. While the billl does not offer relief from the RMD (Required Minimum Distribution) payment for the year 2008, it does provide exemption from withdrawing funds from your IRA account(s) in the year 2009. This could be a benefit for our members who are aged 70.5 or older, and as with all matters concerning your money, consulting with an accountant or tax professional is strongly encouraged.
Related Items:
Required Minimum Distribution (RMD) Payment Suspension Request Form
