The new proposed regulations issued by the IRS in January 2001 for required distributions from traditional individual retirement accounts (IRAs) and qualified retirement plans take effect January 1, 2002, although IRA owners may start following these rules this year. The proposed regulations simplify minimum required distribution (MRD) rules.
The Economic Growth and Tax Relief Reconciliation Act of 2001, signed by President Bush on June 7, 2001, provides rules for MRDs during the ...