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Distribution options for defined-contribution plans: this two-part article examines issues and strategies to enhance the value of defined-contribution plans. Part II discusses rollovers and the order in which distributions should be taken.(part 2)
Tax Adviser, The, June, 2007 by Maloney, David M.; Smith, James E.
EXECUTIVE SUMMARY
* A rollover distribution from a qualified plan may be used as a short-term loan.
* The PPA '06 allows tax-free charitable contributions out of traditional IRAs of up to $100,000 in 2007.
* When liquidating assets, consideration should be given to the source of the funds and the other used.
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This two-part article examines common strategies to enhance the value of defined-contribution retirement plans and distributions. Part I, in the May 2007 issue, identified the various types of qualified defined--contribution plans and applicable withdrawal restrictions. Part II, below, discusses various issues and strategies to consider when an account owner wishes to access assets invested in a qualified...
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