In case you’re tempted to say “oh, boo hoo” in response to news reports of the Bernie Madoff scandal costing wealthy investors substantial amounts of money, consider that the impact will go beyond a few people who have to put their Palm Beach vacation condos up for sale to raise cash.
Many family foundations and other [...]
Filed under: Finance, Investments | Tagged: foundation, Madoff, nonprofit, philanthropy, powell | Leave a Comment »
On December 11, 2008, Congress passed the Worker, Retiree, and Employer Recovery Act of 2008 (H.R. 7327). The President has stated that he will sign the bill when it reaches his desk.
The much anticipated legislation provides that 2009 RMDs won’t be required from IRAs and employer defined contribution plans. (2008 RMDs, however, must be taken.)
The [...]
Filed under: Retirement | Tagged: Retiree and Employer Recovery Act of 2008, RMDs, Worker | Leave a Comment »
