Early Withdrawals and Required Minimum Distributions in Retirement Accounts: Issues for Congress
Description:
In response to the economic downturn, Congress considered providing relief to Americans by suspending two tax penalties on defined contribution retirement plans and Individual Retirement Accounts (IRAs). This report discusses the reasons offered in support of suspending these provisions, as well as the drawbacks. This report also presents data that estimates the number of households that these proposals would impact. Borrowing from retirement plans as an alternative to withdrawals is also discu…
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Date:
January 7, 2011
Creator:
Topoleski, John J.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department