Dear Clients,
I just want to inform that if you are retired you are not required to take a Required Minimum Distribution (RMD) from your IRA for tax year 2009. This one year waiver of the RMD applies to traditional IRA owners age 70 1/2 or older, and to beneficiaries of deceased traditional and Roth IRA owners.
Mandatory IRA withdrawal requirement waiver:
The temporary waiver of the RMD rule is a provision of the Worker, Retiree, and Employer Recovery Act of 2008, and applies only to tax year 2009.
Another reminder:
The Federal withholding tax will be lowered as of April 1, 2009. If you don't see a deduction please contact your employer.
If you have any further questions please feel free to contact me at 479-478-9166.
Sincerely,
Lynda Startzman
