Required Minimum Distributions Suspended in 2009 - Hilton Head Monthly, March 2009
A very important component of the recovery legislation impacting our clients has just been implemented by the Bush administration. President Bush signed into law H.R. 7327, the “Worker, Retiree, and Employer Recovery Act of 2008,” which waives required minimum distributions from IRA accounts for 2009. Investors should be exploring alternative lower tax sources of distributions wherever possible, in order to take advantage of the benefits of this important change.