Required Minimum Distributions Postponed This Year
Submitted by Grunden Financial Advisory, Inc on November 17th, 2009Many seniors are discovering that a new law titled The Worker, Retiree, and Employer Recovery Act of 2008 waives the Required Minimum Distributions (RMD) for 2009. Investors who are aged 70 ½ or older are not required to withdraw money from their IRAs or other defined-contribution plans for the current tax year.
