Permalink Submitted by Alan Spross on Thu, 2010-01-07 16:33
There has been no formal announcement, but this has not been included in the tax extenders bill currently pending in Congress. There is no chance that the 2010 RMD will be waived barring another market crash. The stock market recovery of 2009 virtually eliminated any rationale for extending the waiver.
Permalink Submitted by Alan Spross on Thu, 2010-01-07 18:10
I realize that the market recovery is small comfort for those who pulled many of their stock based assets out of the market after the meltdown. For these people, there was no recovery since their market exposure was very limited during the recent 60% gain from the March bottom.
Being prudent does not always pay off as well as being lucky.
Permalink Submitted by Alan Spross on Thu, 2010-01-07 16:33
There has been no formal announcement, but this has not been included in the tax extenders bill currently pending in Congress. There is no chance that the 2010 RMD will be waived barring another market crash. The stock market recovery of 2009 virtually eliminated any rationale for extending the waiver.
Permalink Submitted by Michael Solomon on Thu, 2010-01-07 17:40
Thanks for your response
Permalink Submitted by Alan Spross on Thu, 2010-01-07 18:10
I realize that the market recovery is small comfort for those who pulled many of their stock based assets out of the market after the meltdown. For these people, there was no recovery since their market exposure was very limited during the recent 60% gain from the March bottom.
Being prudent does not always pay off as well as being lucky.