February 16, 2009
An eligible individual who participates in an employer sponsored retirement plan upon or after meeting the plan’s eligibility requirements. The term is also used to refer to individuals who maintain Traditional and Roth IRAs.
The plan document defines a participant
Governing plan document
A participant’s active status in an employer sponsored plan may affect his/her ability to deduct a Traditional IRA contribution
The 10-year rule is a distribution rule that applies to certain beneficiaries who inherit an IRA or employer-sponsored retirement plan account. Under the rule, the
The still-working exception is a rule that may allow a participant in an employer-sponsored retirement plan to delay required minimum distributions (RMDs) beyond the participant’s
RMD Correction window The correction window is the period during which a missed required minimum distribution (RMD) can be corrected in a way that may
Definition A distribution that is excludable from the distributee’s income, as a result of meeting the following requirements: It is made after the distributee reaches