Deckertleahy.com

Details on the 2009 IRA RMD Withdrawal Rules

Mon, 6 April 2009 07:00:00 GMT

First, the simple part. Withdrawals for individuals who are currently taking their required minimum distribution (RMD) have been given the ability to suspend taking them for 2009. This can provide a small relief for those whose IRA or 401K accounts have taken a beating during the last 18 months. It will hopefully allow account holders some time so their accounts may build back up. This suspension of withdrawals affects all Regular IRA, Rollover IRA, SEP IRA, and Inherited IRA Holders. Folks who turn 70 1/2 this year will not have to take their withdrawal for this year either. Normally, you could take your first withdrawal in the year in which you turn 70 1/2 OR delay until April 1st of the following tax year and take it in that year. In this example, by April 1st of 2010. Under normal circumstances, delaying until the next year does not forgive the rule saying you have to take your normal 2010 distribution. you would, essentially, have to take TWO distributions if you had used the delay privilege under the current codes. The temporary cod ethat is now in place allows you a reprieve so you can 'skip' what could have been your 2009 distribution Other IRA and Pension Notes Maximum contributions for 2009 IRA and ROTH IRA $5,000 Catch Up $1,000 age 50 and older SIMPLE IRA, 401K $11,500 $2,500 401K 403B Deferral $16,500 $5,500 Annual dollar limitation sec 415 $49,000

The Current Financial Crisis (Frequently Asked Questions)

Fri, 14 Nov 2008 20:03:48 GMT

The following link takes you to report published by Protiviti, a global business consulting and internal audit firm, that does a pretty good job of laying out questions and answers to what's been going on. I think you will find it very useful. http://www.protiviti.com/downloads/PRO/pro-us/Global_Financial_Crisis.pdf

CIT Group Bonds

Mon, 09 Jun 2008 15:42:36 GMT

According to CBS MarketWatch.com today, CIT Group agreed to a $3 billion long-term committed financing facility provided by Goldman Sachs Group Inc. The commercial finance company said the move is designed to strengthen its balance sheet and improve and diversify its liquidity and funding. Shares of CIT Group have fallen more than 60% so far this year as the company has faced pressure over its liquidity position and mortgage exposure. The company has been selling assets and raising...

Deckert Leahy Welcomes John B. Clair as a New Member of Its Advisory Staff

Thu, 24 Apr 2008 18:52:00 GMT

A native Richmonder, John graduated magna cum laude from Virginia Tech in 1997 with a degree in Finance. While at Virginia Tech, he was President of the student-run organization known as SEED where he was responsible for managing a multi-million dollar portion of the university's endowment - the largest organization of its kind in the country. Upon graduation, John was honored as the Finance Student of the Year and with the Outstanding College Service Award. In 1997, John joined...

Communicate with a Financial Advisor

Thu, 28 Feb 2008 16:33:30 GMT

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