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IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out |  | Authors: Twila Slesnick PhD, John Suttle CPA Attorney
Publisher: NOLO
Category: Book
List Price: $34.99
Buy New: $20.72
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Seller: natarajbooks
Rating:  48 reviews
Sales Rank: 193322
Media: Paperback
Edition: 9
Pages: 308
Number Of Items: 1
Shipping Weight (lbs): 1.2
Dimensions (in): 8.9 x 6.9 x 0.8
ISBN: 1413310311
Dewey Decimal Number: 343.7305233
EAN: 9781413310313
ASIN: 1413310311
Publication Date: July 10, 2009
Availability: Usually ships in 1-2 business days
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| • | ISBN13: 9781413310313 | | • | Condition: New | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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| Also Available In:
| • | Kindle Edition - "IRAs, 401(k)s & Other Retirement Plans": Taking Your Money Out | | • | Kindle Edition - IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out | | • | Digital - Iras 401ks & Other Retirement Plans: Taking Your Money Out (Iras, 401(K)S & Other Retirement Plans) | | • | Digital - IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out (7th Edition) | | • | Digital - Iras, 401(K)s & Other Retirement Plans: Taking Your Money Out (Iras, 401(K)S & Other Retirement Plans) | | • | Digital - IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out | | • | Paperback - IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out | | • | Paperback - IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out (7th Edition) | | • | Paperback - IRAs, 401(K)s & Other Retirement Plans : Taking Your Money Out | | • | Paperback - IRAs 401 (k)s & Other Retirement Plans : Taking Your Money Out | | • | Paperback - IRAs, 401(k)s, and Other Retirement Plans: Taking Your Money Out | | • | Paperback - IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out | | • | Paperback - IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out | | • | Paperback - Ira'S, 401(K)s & Other Retirement Plans: Taking Your Money Out (Ira's, 401k's & Other Retirement Plans, 4th ed) |
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| Editorial Reviews:
Amazon.com Review
IRA's, 401(k)s & Other Retirement Plans, by financial specialists Twila Slesnick and John C. Suttle, is a solid self-help legal look at a critical back-end issue that most of us blissfully ignore until we absolutely must confront it. The authors themselves admit it is not a compelling page-turner, but rather a comprehensive resource that at some point should prove indispensable to everyone with a retirement plan. They describe the various plans available--including Roth IRAs, to which an entire chapter is devoted--focusing on distribution rules, associated taxes, and potential penalties. They offer details on early distributions used to pay higher-education expenses or health-insurance premiums (which are not subject to taxes, under certain explicit conditions), distributions you must take during your lifetime (when they begin, how they're computed, what happens if your beneficiary changes), and distributions made after an account holder dies (largely concentrating on administrative procedures that could help you avoid unnecessary financial loss). Helpful appendices include relevant IRS forms, notices, and schedules as well as life-expectancy tables. --Howard Rothman
Product Description
More than 78 million baby boomers, representing some 29% of the U.S. population, are approaching retirement, and about 58 percent of retirement assets are in defined contribution plans.
If you want or need to take money out of your retirement plan-whether you've inherited a retirement plan, wish to buy a house, or just need money-IRAS, 401(l)s & other Retirement Plans will help you make the best choices concerning these plans, and cope with the accompanying rules and regulations. Filled with sample forms and charts, this book covers:
tax strategies before and at retirement
penalties for drawing money out early
distributions you must take
minimizing taxes
distributions to your heirs
...and much more, including explanations of all the common types of retirement plans including 401(k)s and other types of profit-sharing plans, Keoghs, IRAs, and tax deferred annuities.
The 9th edition incorporates the changes brought about by the Pension Protection Act of 2006, and includes all of the information regarding the new rules for taking money out of Roth 401(l) plans and anticipated changes to Roth IRA conversion rules.
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| Customer Reviews:
Showing reviews 1-5 of 48
 Pay attention to the sub-title May 5, 2005
Catherine Michael (Sacramento CA USA)
76 out of 77 found this review helpful
The reviewer plugging the "MarketBuster" book has totally missed the point of this NOLO book, which is given in the subtitle: Taking Your Money Out. The reviewer is talking about strategies for growing your account.
When you're in the savings/growing mode you're in a whole different situation than you're in when you're having to withdraw and/or live off your account. Going from one to the other requires a major change in strategy and, more important, a MAJOR change in mindset and, often, life style.
You're confronted with a whole new set of regulations, whether the reason for the change is retirement, inheriting an account, etc. The biggest change in mindset is that instead of the pleasant pre-retirement situation of watching the money accumulate, you have to recognize that you're now going to be watching it DECLINE. And unless you've got a tremendously more than sufficient account, you're going to have to live with the knowledge that you could outlive the account, possibly due to your own mistakes, some of which this book can help you avoid.
Four years ago I was confronted with making this shift a whole lot sooner than I'd planned, and with getting control of my retirement accounts under conditions where I had little help. Without the previous edition of this NOLO book, I would have been totally lost and probably made serious mistakes.
Now, one caveat: This book does not tell you how to MANAGE your withdrawals and account so as to produce INCOME; as one should expect from NOLO press as a LEGAL advice publishing house, it deals with the nuts, bolts, traps and hazards of the PROCESS of getting the money out.
In my situation I also found that there is not a whole lot of good material out there on the subject of managing your money and account IN the WITHDRAWAL stage, and this subject is affecting more and more people, as the country shifts from defined benefit (pensions) plans to plans like 401Ks and IRAs that place the job of investing and managing on the individual.
It is a whole lot more complex, risky, and stressful than most people realize, especially considering the general abysmal education (lack of) even young people receive on the subject, let alone people my age who were raised to count on pensions, etc. (And thank goodness for Social Security, which while far from adequate, can still supply a firm base of about 30 to 50% of a retirement income; although that's another issue)
So I recommend this book as essential for the basic procedures, but you will also need additional information on how to manage your income account(s). Personally, in addition to a good fee based financial planner, I found invaluable help from folks who have actually been doing the job for years, especially in the forums of Morningstar, for example. But you have to be on constant alert for scamsters and the whole "how to be a billionaire" publishing crowd. You're going to have to invest some serious time and effort in educating yourself for a the whole new job of retirement, and this book is an excellent place to start, preferably BEFORE you actually have to start TAKING YOUR MONEY OUT.
Thorough coverage for the tax professional. Easy to use. December 31, 1998
44 out of 45 found this review helpful
I do taxes. I have been a "tax professional," working for a reputable CPA firm, for eighteen years.I imagine that most people think that we always read the most obscure laws, regulations and treatises on tax subjects before we make our decisions and recommendations. The fact is that most professionals are delighted to find publications which make good information easy to find. This book does that. "How to Take Your Money Out" gives thorough coverage to a very complicated subject. Equally important is that it is almost enjoyable to read and that finding what you are looking for is easy. It is well organized and well indexed. When I looked for answers, I found them, on the first shot. There are plenty of people, both professionals and taxpayers, who are wondering what to do about IRA and other retirement plan distributions. Having this book on the shelf will give you confidence that you'll know where to look when you need the answers.
Single Best Resource Book on Retirement Plan Distributions January 14, 2000
35 out of 35 found this review helpful
In my career, I work almost exclusively with retirees, and I have found this book to be the best resource for Retirement Distributions. It explains the rules in a concise manner, and includes the special rules for Roth IRAs. This is an especially good reference book for advisors because it goes in depth- not just the basics.
Good Reference Work for a "Taxing" Subject May 15, 2000
38 out of 39 found this review helpful
IRS rules for withdrawing money from IRAs are pretty complicated. This book, like others from Nolo Press, offers very specific coverage of these rules. I was looking for information on how IRAs can relate to Living Trusts, and I found it here. You have to pay attention, but the book is written in easy-to-understand English as opposed to legalese.
Be Careful. Table S on Page A/30 is outdated May 12, 2000
jpgreaney@sbcglobal.net
16 out of 16 found this review helpful
One important area of the tax law has changed since this book was last revised in October 1998. Table S on Page A/30 has been revised for the year 2000 by the IRS -- make sure you get a copy of the updated table. Or see if the Nolo Press offers a newly revised edition.Everything else is great -- 5 stars
Showing reviews 1-5 of 48
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