From Allen’s Desk

Nov 11 2010

From Allen’s Desk: In-Service Withdrawals from 401(k) Plans

You’re probably familiar with the rules for putting money into a 401(k) plan. But are you familiar with the rules for taking your money out? All 401(k) plans are not the same Federal law specifies the withdrawal options that a 401(k) plan can offer. But your plan can be stricter than the law allows (i.e., [...]

By Allen G Yee • From Allen's Desk • 0

Sep 28 2010

RMD’s- A Good Thing Doesn’t Last Forever; In This Case Only One Year…

By Allen Yee Last year you may have taken Congress’ gift to suspend your annual RMD.  Unfortunately, that suspension was only for one year, 2009.  Required minimum distributions, often referred to as RMDs, are amounts the federal government requires you to withdraw annually from traditional IRAs and employer-sponsored retirement plans after you reach age 70½ [...]

By Allen G Yee • From Allen's Desk • 0

Sep 1 2010

From Allen’s Desk

By Allen G. Yee Over the years I have shared a relationship with an organization called Ed Slott and Company.  Many of you know who and what Ed Slott does and but many do not.  Ed Slott is a practicing CPA located in New Jersey and is recognized as “America’s IRA Expert” by Money Magazine, [...]

By Allen G Yee • From Allen's Desk • 0

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