[Download] "Mandatory Annual Distributions from Traditional Individual Retirement Accounts." by Michigan Academician ~ eBook PDF Kindle ePub Free
eBook details
- Title: Mandatory Annual Distributions from Traditional Individual Retirement Accounts.
- Author : Michigan Academician
- Release Date : January 22, 2003
- Genre: Reference,Books,
- Pages : * pages
- Size : 376 KB
Description
INTRODUCTION When the owner of an individual retirement account (IRA) attains the age of 70 1/2 years, the Internal Revenue Code (IRC) requires the owner to begin taking mandatory annual distributions (MADs) from the account; and when the owner dies, even if the death occurs before age 70 1/2, his beneficiaries will usually have to begin taking MADs in the year after the year of the owner's death. (1)
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