Early Withdrawals and Required Minimum Distributions in Retirement Accounts Issues for Congress.

Early Withdrawals and Required Minimum Distributions in Retirement Accounts [electronic resource] : Issues for Congress.

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Explains tax penalties on early withdrawals from defined contribution retirement plans and individual retirement accounts, and outlines required minimum distributions (RMDs) into retirement accounts. Addresses potential withdrawal of early withdrawal penalties and RMDs, and presents pro/con argument...

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Bibliographic Details
Online Access: Full Text (via ProQuest)
Corporate Author: Library of Congress. Congressional Research Service
Format: Electronic eBook
Language:English
Published: [S.l] : [s.n.], 2009.
Subjects:
Economic policy.
Finance > Law and legislation.
Pensions.
Description
Summary:Explains tax penalties on early withdrawals from defined contribution retirement plans and individual retirement accounts, and outlines required minimum distributions (RMDs) into retirement accounts. Addresses potential withdrawal of early withdrawal penalties and RMDs, and presents pro/con arguments. Estimates number of households that these proposals would impact, discusses borrowing from retirement plans as an alternative to withdrawals, and considers kinds of proposals offered.
Item Description:Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.
CRS Report.
Physical Description:15 p., digital, PDF file.

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