|
|
|
|
Best tax breaks
These four strategies can save you some serious cash when Uncle Sam comes knocking.
For: Seniors
The IRS used to require retirees age 701/2 or older to take annual withdrawals from the money in their traditional IRAs or 401(k)s - and pay income tax on them. This rule forced a whole lot of people to sell at the worst possible time: when their investments had been mauled by the bear.
But a new law suspends those required minimum distributions for 2009. That lets your money keep growing tax-deferred if the market recovers, which could save you serious coin.
NEXT: For: Investors
Last updated April 17 2009: 8:38 AM ET
RSS
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved.
Terms under which this service is provided to you. Privacy Policy
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
| Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use. Intraday data is at least 20-minutes delayed. All times are ET. Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data. Fundamental data provided by Morningstar, Inc.. SEC Filings data provided by Edgar Online Inc.. Earnings data provided by FactSet CallStreet, LLC. |
