Comments on: Required Minimum Distribution (RMD) Relief for 2008? http://www.fivecentnickel.com/2008/12/18/required-minimum-distribution-rmd-relief-for-2008/ personal finance tips, tricks, and commentary Sun, 22 Nov 2009 02:21:27 -0500 http://wordpress.org/?v=abc hourly 1 By: Jeff http://www.fivecentnickel.com/2008/12/18/required-minimum-distribution-rmd-relief-for-2008/comment-page-1/#comment-127756 Jeff Fri, 16 Jan 2009 18:54:48 +0000 http://www.fivecentnickel.com/?p=2308#comment-127756 My wife is 6 years younger than myself. Can I rollover my 401(k) to an IRA in her name and delay the RMD until she reaches 70 1/2? My wife is 6 years younger than myself. Can I rollover my 401(k) to an IRA in her name and delay the RMD until she reaches 70 1/2?

]]> By: nickel http://www.fivecentnickel.com/2008/12/18/required-minimum-distribution-rmd-relief-for-2008/comment-page-1/#comment-127452 nickel Fri, 02 Jan 2009 15:53:54 +0000 http://www.fivecentnickel.com/?p=2308#comment-127452 Michael: It's based on Dec 31 of the previous year. Michael: It’s based on Dec 31 of the previous year.

]]> By: Michael Navatta http://www.fivecentnickel.com/2008/12/18/required-minimum-distribution-rmd-relief-for-2008/comment-page-1/#comment-127449 Michael Navatta Fri, 02 Jan 2009 14:33:18 +0000 http://www.fivecentnickel.com/?p=2308#comment-127449 How can someone have already taken distribution for 2008 if the amount is calculated based on the value on Dec 31? How can someone have already taken distribution for 2008 if the amount is calculated based on the value on Dec 31?

]]> By: Stella C http://www.fivecentnickel.com/2008/12/18/required-minimum-distribution-rmd-relief-for-2008/comment-page-1/#comment-127407 Stella C Tue, 30 Dec 2008 15:49:13 +0000 http://www.fivecentnickel.com/?p=2308#comment-127407 I work in a financial advisory firm. I feel so bad for our clients who are being forced to take large amounts of money -- based on last year's much higher account values -- from accounts now worth much, much less. Some people set their RMDs up automatically for later in the year, to pay property taxes or even just for holiday spending. There still should be some way to protect anyone who took their RMDs in 2008. Many of our clients would rather keep the money invested. We have a lot of 403b clients, too, who have to go through extra hoops for money that clearly the government now thinks they shouldn't have to take out. At least 2009 seems to be decided. I can't wait to start telling people ... I work in a financial advisory firm. I feel so bad for our clients who are being forced to take large amounts of money — based on last year’s much higher account values — from accounts now worth much, much less. Some people set their RMDs up automatically for later in the year, to pay property taxes or even just for holiday spending.

There still should be some way to protect anyone who took their RMDs in 2008. Many of our clients would rather keep the money invested. We have a lot of 403b clients, too, who have to go through extra hoops for money that clearly the government now thinks they shouldn’t have to take out.

At least 2009 seems to be decided. I can’t wait to start telling people …

]]> By: Sarah Tintor http://www.fivecentnickel.com/2008/12/18/required-minimum-distribution-rmd-relief-for-2008/comment-page-1/#comment-127395 Sarah Tintor Mon, 29 Dec 2008 19:08:18 +0000 http://www.fivecentnickel.com/?p=2308#comment-127395 It appears that it is too late for those of us who have already taken out the RMD for 2008. It appears that it is too late for those of us who have already taken out the RMD for 2008.

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