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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 |  1 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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