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IRAs, 401(k)s & Other Retirement Plans: Strategies for Taking Your Money Out (15th Edition) Spiral-Bound | June 29, 2021

Twila Slesnick, John C. Suttle

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When you want or need to take money out of a retirement plan—whether you’ve inherited the plan or you’re retiring, buying a house, or just in need of money—this book will help you make the best financial choices. Anyone who is approaching retirement, retiring early, changing jobs, or wondering what to do with an inherited plan will benefit from the advice in this book. Includes new rules from SECURE Act and COVID-related CARES Act.

Save your nest egg from the IRS

About to retire? Over 72 and facing mandatory withdrawal rules? Just inherited money from a retirement plan?

Whether you have an IRA, Roth IRA, 401(k), Keogh or other retirement plan, this book will help you make sense of the rules for taking your money out. Even more important, it will show you how to avoid the stiff taxes and penalties that lurk in the fine print. It covers:

  • tax strategies before and after retirement
  • required distributions and how much you need to take
  • penalties for taking money out early and how to avoid them
  • how to divide a plan at divorce
  • what happens to your retirement plan after your death, and
  • different rules for taking money out of an inherited plan.

The 15th edition covers all of the latest changes, including:

  • new start age for required distributions
  • big changes to distribution rules for inherited retirement plans and IRAs
  • new rules regarding the taxation and repayment of Covid-related distributions, and
  • new life expectancy tables for mandatory distributions.
Publisher: Ingram Publisher Services
Original Binding: Trade Paperback
Pages: 488 pages
ISBN-10: 1413328741
Item Weight: 1.4 lbs
Dimensions: 7.0 x 1.0 x 9.0 inches
“Depending on the size of the IRA and the age of the beneficiary, it might be smarter to pay the penalty than to liquidate the account simply to avoid the penalty,” says Twila Slesnick,author of IRAs, 401(k)s & Other Retirement Plans. Kiplinger’s Retirement Report

"A more impressively clear and comprehensive layman's guide is IRAs, 401(k)s & Other Retirement Plans..." U.S. News & World Report

"Few resources are as valuable when it comes to financial planning in later life." The Wall Street Journal

"This book belongs on the bookshelf of anyone with a retirement plan. Here's where you'll find the answers." Kiplinger's Personal Finance

"Uses everyday language to describe Internal Revenue Service rules for making withdrawals from retirement plans." The Wall Street Journal

Twila Slesnick is an Enrolled Agent who specializes in tax and investment planning for retirees and prospective retirees, and does pension plan consulting for individuals and small businesses. She has conducted numerous seminars throughout the U.S. in the areas of retirement and tax planning. Slesnick has been featured on television and radio programs across the country and in publications including Money Magazine, U.S. News & World Report, Newsweek and Consumer Reports. She is the author (with John Suttle) of IRAs, 401(k)s and Other Retirement Plans: Taking Your Money Out. Slesnick has a bachelor's, master's and Ph.D., all from the University of California, Berkeley.