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Abstract: 

In April, 2002, the IRS finalized regulations on required minimum distributions (RMDs) from qualified plans, individual retirement plans, and other retirement arrangements. In general, the regulations simplify the calculation of RMDs and increase the attractiveness of retirement accounts as investment vehicles by allowing further tax deferral on distributions. At a taxpayer’s election, the new rules are effective for calendar year 2002 distributions, so an immediate understanding of them is critical.

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Affiliations:  1: School of Accountancy, Wichita State University.