| Excess-Accumulation Penalty | |
 The penalty a retirement account owner or the beneficiary of a retirement account must pay when he or she fails to distribute a minimum amount due for a year from the retirement account. |
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 The failure to distribute this amount will result in the individual being subject to an excess accumulation penalty of 50 percent of the amount not distributed from the account. This amount is then owed to the IRS. |
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 Tough Times...Should You Disturb Your Qualified Plan's Assets? - Before you do, know the eligibility rules, tax consequences and the proper procedures. Preparing for the RMD Season - Part 1 - Paying taxes is inevitable - that's why you need to learn about the rules for required minimum distributions. Preparing for the RMD Season - Part 2 - Paying taxes is inevitable--that's why you need to learn about the rules for required minimum distribution. Disclaiming Inherited Plan Assets - There are some good reasons for choosing not to accept the funds, but be sure you follow the proper process. |
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