As a former Financial Planner, I’m regularly asked for financial advice. For the most part, I don’t give it, but there are certain people I can’t / won’t refuse. My parents fall into that group.
In late 2008 my Mother heard from her Bridge Club that the IRS was suspending the mandatory required IRA distribution for 2008. I checked it out and that wasn’t the case.
But it was signed into law by President Bush last month, effective for 2009. If you want to easily understand this new rule, you need to read Anne Tergesen’s article in the Wall Street Journal.
Here’s an excerpt:
“The new law suspends required distributions in 2009. This gives those who can afford to leave their nest eggs alone a better chance of recovering some of the investment losses they sustained last year.”
You can read Anne Tergesen’s article here. Source: Wall Street Journal
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