What does this mean for a Premiere Select Retirement Plan (Keogh) account owner?
Owners of a Premiere Select Retirement Plan account who would normally be required to take an RMD will not be required to take one for 2009. Generally, RMDs do not need to be taken from Retirement Plan accounts until after the individual stops working, but this only applies as long as he or she is not more than a 5% owner of the business. 5. What does this mean to a customer who is age 70½ or older and rolling over an employer sponsored retirement account? No RMDs will be required from retirement plan accounts that are rolled over to IRAs in 2009. Normally, individuals who are 70½ and older must take an RMD before rolling over to an IRA. Because RMDs are suspended for 2009, they will not need to take that RMD before rolling over to an IRA. 6. What does this mean for an inherited retirement account? Beneficiaries who have inherited a retirement account will not be required to take a 2009 RMD. Inherited retirement accounts include accounts such as a Premiere Select IRA Beneficiary Distri
