Excess Distributions From Section A A B Retirement Plan Or Ira


Definition of "Excess distributions from section 401(a), 403(a), 403(b) retirement plan or ira"

Mary O Connell real estate agent
Mary O Connell O Connell Properties

Plan wherein total withdrawal or income payments from tax deferred savings plans exceed $150,000 in any one year. An excess distribution tax of 15% of the amount greater than $150,000 must be paid to the Internal Revenue Service.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Indemnity

Compensation for loss. In a property and casualty contract, the objective is to restore an insured to the same financial position after the loss that ...

Grantor Retained Trust

Trust under which grantor retains income from the assets that have been transferred to the trust. This trust permits the avoidance of probate, protect ...

Underwriting Factors: Life Insurance

Factors on the application that must be evaluated in order to complete the underwriting process: age; sex; physical condition; personal health his ...

Certified Employee Benefit Specialist (cebs)

Professional designation conferred by the International Foundation of Employee Benefit Plans and the Wharton School of the University of Pennsylvania. ...

Personal Jewelry Insurance

Coverage on jewelry and precious stones on an all risks basis at any location subject to exclusions of wear and tear, war, and nuclear disaster. Each ...

Underwriting Gain (loss)

Profit (deficit) that remains after paying claims and expenses. Insurers generate profits from underwriting and from investment income. Their chief bu ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Property tax in the US: a homebuyer guide Buying a House with Cash vs. Mortgage Short-term Lease Pros and Cons Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value

FAQ

What is a subprime mortgage? What is an agent? How Much Income Do I Need ? Besides making my monthly mortgage payment, how can I build equity into my house? What do I need to know about Individual Health Insurance?