Format for printing

By Roy Lewis (TMF Taxes)

So you've saved and invested Foolishly, and have now amassed a nice little retirement nest egg that you hope to be able to fry for many years hence. You're beaming with pride as you contemplate your very first distribution from your retirement plan or other tax deferred accounts. Hey -- this is starting to look good -- money comes in, and you don't work!

Whoa! There are a few potholes that you need to avoid or else you could end up paying excessive taxes or even (horrors!) penalties. This lesson gives you the basics on that most romantic of topics: distribution tax rules and how they might apply to you. (Actually, it's very important stuff.)

« Lesson 8 Case Study Answers

General Rule »