Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Friday, January 10, 2014

Turn on Your IRA Auto-Pilot

Autopilot

As of December 6, four out of ten people had yet to take withdrawals from their IRA, thus putting them in danger of a tax penalty up to 50% of the amount they should have taken out.  One solution to prevent this from happening is to put your IRA distributions on auto-pilot.

In tax year 2013, almost half of Fidelity’s IRA owners who were required to take out money were enrolled in its automatic withdrawals.

See Ashlea Ebeling, A Solution to the IRA Required Minimum Distribution Blues, Forbes, Dec. 19, 2013.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/01/turn-on-your-ira-auto-pilot.html

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Comments

The effective one for me are in this links http://www.irallc123.com

Posted by: jayika | Jan 10, 2014 1:55:20 PM

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