Mandatory IRA/401(k)/401(b) Withdrawals Have Been Eliminated for 2009

Tom Fisher | Tue, 02/10/2009 - 11:09am | 401(k), Employer Recovery Act of 2008, investing, investments, IRA, new investment laws | Add a comment

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Just before Christmas of 2008, the president signed the Worker, Retiree, and Employer Recovery Act of 2008. The bill suspended 2009 Required Minimum Distributions (RMDs) for IRAs, 401(k)s and 403(b)s.

The intent of this change was primarily to give a break to retirees whose account balances probably cratered last year.
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At Fisher Financial Strategies (FFS), we help our clients identify their goals and develop a plan to accomplish them. We are a Fee-Only financial planning firm. We are compensated by our clients, not through commissions or fees from client purchases of financial or insurance products. Because we work on an hourly or project basis, we are free to focus on you and your concerns. If you need a financial product, we can help you identify the best solutions available; if you don’t need one, we’ll help you confirm that.

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Mandatory IRA/401(k)/401(b) Withdrawals Have Been Eliminated for 2009

Tom Fisher | Tue, 02/10/2009 - 11:09am | 401(k), Employer Recovery Act of 2008, investing, investments, IRA, new investment laws | Add a comment

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