MRD Relief -- What It Means and Why Is It Important to Your Retirees Now

October 2008
Venulex Legal Summaries;2008 Q4, Special section p1
The article offers information on minimum required distributions (MRD) under Section 401(a)(9) of the U.S. Internal Revenue Code. Section 401(a)(9) requires retirees over the age of 70½ to take MRD from their defined contribution retirement plans. Failure to do so will need the withdrawal of a 50 percent excise tax on the amount.


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