Sentences with phrase «certain types of retirement accounts»
The facts: When you turn age 70 1/2, the IRS will require you to begin taking withdrawals from certain types of retirement accounts (in most cases, it doesn't matter when you actually retire).
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At age 70.5, you'll have to start taking required minimum distributions from certain types of retirement accounts: profit - sharing, 401 (k), 403 (b), 457 (b) and Roth 401 (k) plans, as well as traditional, SEP and SIMPLE IRAs (but not Roth IRAs).
The facts: When you turn age 70 1/2, the IRS will require you to begin taking withdrawals from certain types of retirement accounts (in most cases, it doesn't matter when you actually retire).
Not exact matches
They've been getting a lot more attention lately, however, because the U.S. Treasury Department issued rules last year that make it easier and more attractive to buy a certain type of longevity annuity within retirement accounts such as 401 (k) s and IRAs.
(And less if you're participating in certain other types of retirement accounts - there is one combined limit for your traditional and Roth IRAs.
Additionally, certain types of retirement saving accounts and defined contribution saving plans lower current tax liability by deferring taxation of the amounts contributed until the funds are withdrawn in retirement.
Assuming the same 40 % marginal tax bracket and retirement decades away, certain types of investments seem to be better held in one type of account than another.
A type of individual retirement account that you make with non-deductible contributions up to a certain limit throughout your working life where earnings grow tax - deferred.
An IRA is a type of savings account with certain tax advantages that help you save for retirement.
It's not permitted for retirement accounts, UGMA / UTMA accounts, and certain other types of accounts.
«in addition to the clawback issue, there are other important one - time but substantial hits: (1) a partner would lose any capital account, (2) a partner may have to pay income taxes on any partnership debt that is forgiven as part of the reorganization (the cancellation of indebtedness income flow through the partnership to the individual partners) and (3) the partner may lose entirely benefits under certain types of retirement plans.