No Required Minimum Distributions for 2009

By: AARP Outreach & Service | Source: AARP.org | 2009 01 26

One bright spot among all the recent bleak financial news is the suspension of requirements for people older than 70 1/2 to make withdrawals from retirement accounts in the year 2009. The one-year moratorium on required minimum distributions (RMDs) from retirement accounts can provide much-needed financial relief for many older Americans. This tip sheet will explain the RMD and the 2009 suspension of the RMD, and will also help you avoid withdrawing from your retirement savings when you are not required to do so.... Back to Article