Title Details

Introduction

Chapter One

Tapping Your Retirement Plan Assets without Penalty before Age 59½

Restrictions on 401(k) and 403(b) Plan Withdrawals

Allowable Distributions and Loans

Case Study

When Does the Early-Distribution Penalty Apply?

Penalty Exemption for Medical Expense Payments

Rollovers and Direct Transfers Not Subject to Pre-59½ Penalty

Case Study

Distribution to Employee upon Separation from Service After Age 55 Exempt from the Penalty

The Disability Exception to the Penalty

The Substantially Equal Payment Exception to the 10-Percent Early-Distribution Penalty

Amortization Method

Modifying a Schedule of Payments

Effect of Disability or Death

Case Study

Penalty Exceptions for Higher-Education Expenses

Penalty Exception for First-Time Homebuyer Expenses

Penalty Exception for IRS Levy Added by 1998 IRS Restructuring Act

Chapter Two

When must You begin Minimum Distributions from Your Retirement Plan?

Minimum Distribution Basics

Distributions Before Required Beginning Date

Case Study

Life-Expectancy Methods

Electing the Term-Certain Method

Case Study

Penalty for Insufficient Distributions After the Required Beginning Date

Required Distributions to 5-Percent Owner or Self-Employed Individual

Chapter Three

Choosing Your Spouse as Your Designated Beneficiary

Your First Required Minimum Distribution

Term-Certain Method

Spousal IRA Rollover if Account Owner Dies During Term-Certain Period

Recalculation Method

Hybrid Method

Lump-Sum Death Benefits Paid by an Employer Plan to Surviving Spouse

Surviving Spouse’s Rollover Option if IRA Owner Dies Before Required Beginning Date

Surviving Spouse’s Option to Receive IRA Distributions as Beneficiary if Owner Dies Before Required Beginning Date

Chapter Four

Selecting a Child, Grandchild, or Other Young Person as Your Designated Beneficiary

If Your Beneficiary Is More Than 10 Years Younger Than You

Effect of the Minimum Distribution Incidental Benefit Requirement (MDIB)

Distributions to Nonspouse Beneficiary After IRA Owner’s Required Beginning Date

Hybrid Method for Beneficiary if Term-Certain Not Timely Elected

Chapter Five

Using a Custodial Account or Trust for a Designated Beneficiary Who is a Minor

Benefits of a Custodial Account

Custodial Account Basics

Owner’s Protective Election of Life-Expectancy Distribution Method for Minor Beneficiary

Case Study

Benefits of Trusts

Chapter Six

If Your Beneficiary is Older or is no More than Ten Years Younger than You

Taking Into Account Designated Beneficiary’s Life Expectancy

Electing Term-Certain Method

Distributions to a Nonspouse Designated Beneficiary Under Term-Certain Method Following Required Beginning Date

Distributions Following the Death of the Owner’s Designated Beneficiary

If IRA Owner Changes Beneficiary After Required Beginning Date

Hybrid Method of Figuring Required Minimum Distributions if Term-Certain Method Not Elected

Case Study

Chapter Seven

The Estate as Beneficiary of IRA or Qualified Plan

Disadvantage of Selecting Your Estate as Beneficiary

Recalculation Method and Term-Certain Method

Distributions to Estate if IRA Owner Dies After Required Beginning Date

Account Owner Dies Before the Required Beginning Date

Chapter Eight

Distribution Options for Your Nonspouse Designated Beneficiaries

Designated Beneficiary Basics

The Five-Year Rule and Life-Expectancy Rule for Nonspouse Beneficiaries

Case Study

Beneficiary’s Death During Payout Period

Direct Transfer Option for IRA Beneficiary

Mechanics of Making a Direct Transfer

Multiple IRA Beneficiaries

Dividing IRA into Separate Beneficiary Accounts

Making a Protective Election of the Life-Expectancy Method for Your Beneficiary

Chapter Nine

Estate Planning with Retirement Assets

Consult an Experienced Estate Tax Advisor

Case Study

Income in Respect of a Decedent (IRD)

Case Study

Chapter Ten

The Roth IRA

The Roth IRA Created by Contributions

The Roth IRA Created by a Conversion

Direct Transfer Conversions to a Roth IRA

Tax Effects of a Conversion to a Roth IRA for the Calendar Year 1998

Tax Effects of a Conversion to a Roth IRA for Calendar Years After 1998

Modified Adjusted Gross Income and Roth IRAs

Distributions from Roth IRAs

Tax Treatment of Nonqualifed Distributions

Mandatory Distributions for Roth IRA Beneficiaries

Recharacterized Contributions

Case Study

Appendix A

Life-Expectancy Tables

Appendix B

Sample Term-Certain Election Where Spouse Is the Designated Beneficiary

Appendix C

Sample Term-Certain Election Where Child Is the Designated Beneficiary

Appendix D

Sample IRA Designation of Beneficiary Form

Index