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This book will provide you with the truth about the ins and outs and the loopholes involved with IRAs and 401(k)s.
Steve Weisman is Senior Lecturer at Bentley College in the department of Law, Tax, and Financial Planning. He has also taught courses on financial planning at the University of Massachusetts, Curry College, and Boston University. He is a host on the nationally syndicated radio show A Touch of Grey, heard on more than 50 stations, including NYC...s legendary WABC and KRLA Los Angeles. A member of the National Association of Elder Law Attorneys, Steve is legal editor and a columnist for Talkers Magazine and writes for publications ranging from The Boston Globe to US Air. His books include Boomer or Bust, The Truth About Avoiding Scams, and The Truth About Buying Annuities. Weisman has earned a Certificate of Merit for legal journalism from the American Bar Association.
The Truth About Protecting Your IRAs and 401(k)s: Let's Get it Started (IRA Style)
The Truth About Protecting Your IRAs and 401(k)s: The Magic Numbers 59 1/2 and 70 1/2
Introduction vii
Truth 1 IRA 1
Truth 2 Let’s get it started (IRA style) 5
Truth 3 59 1/2 and 70 1/2 9
Truth 4 Earned income 13
Truth 5 IRA deductions 17
Truth 6 Distributions from IRAs 21
Truth 7 Minimum required distributions 25
Truth 8 Withdrawal pains 29
Truth 9 Spousal IRA 33
Truth 10 Trusts as IRA beneficiaries 37
Truth 11 Beneficiary designations 41
Truth 12 Customizing beneficiary designation forms 45
Truth 13 Self-directed IRAs 49
Truth 14 Stretch IRA 53
Truth 15 Disclaimers 57
Truth 16 Inheriting an IRA 61
Truth 17 Maximizing IRA benefits for a surviving spouse 65
Truth 18 Roth IRA for children 69
Truth 19 IRA conversions 73
Truth 20 SIMPLE IRA 77
Truth 21 SEP IRA 81
Truth 22 IRA effects on taxation of Social Security benefits 85
Truth 23 Excess contributions to a Roth IRA 89
Truth 24 401(k) 93
Truth 25 401(k) Fees 97
Truth 26 IRA and 401(k) investments 101 101
Truth 27 What to do if you don’t like your 401(k) choices 105
Truth 28 Vesting rules for 401(k)s 109
Truth 29 Borrowing from your 401(k) 113
Truth 30 Company stock in 401(k)s 117
Truth 31 IRAs, 401(k)s, and creditors 121
Truth 32 Automatic 401(k) enrollment 127
Truth 33 Roth 401(k)s 131
Truth 34 Traditional IRA, Roth IRA, 401(k), or Roth 401(k) 135
Truth 35 401(k) choices when you leave your job 139
Truth 36 401(k) transfers 143
Truth 37 Individual 401(k) 147
Truth 38 SIMPLE 401(k) 151
Truth 39 Increasing tax brackets 155
Truth 40 Suing plan administrators 159
Truth 41 Retirement savings contribution credit 163
Truth 42 Divorce and your IRA or 401(k) 167
Truth 43 Health savings accounts 171
Truth 44 Unmarried and same-sex couples 175
Truth 45 Steve’s rules, part 1 179
Truth 46 Steve’s rules, part 2 183
Truth 47 Definitions 187
Truth 48 IRS Publication 590: Worksheets and Tables 193
About the Author 195
Appendix A: Summary Record of Traditional IRA(s) for 2007
Appendix B: Worksheets for Social Security Recipients Who Contribute to a Traditional IRA
Appendix C: Life Expectancy Tables