Tax
May 26, 2001
Extended Payout
Everyone who has an individual retirement account is required to follow the Internal Revenue Service rules in taking money out of that account. While the IRS usually is eager to get taxes due from IRAs, most taxpayers want to defer their IRA payout as long as possible so they can minimize their tax obligations.
Everyone who has an individual retirement account is required to follow the Internal Revenue Service rules in taking money out of that account. While the IRS usually is eager to get taxes due from IRAs, most taxpayers want to defer their IRA payout as long as possible so they can minimize their tax obligations. They also would like to allow their beneficiaries after their death to defer...
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