Elder Client Planner
Spidell Publishing Inc.
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October 14, 2005
Spidell's Elder Client Flash Email
#2005-6 : Special rules for use of retirement funds for Katrina relief
The Katrina Emergency Relief Act of 2005 (KETRA) provides the following liberalized rules for qualified retirement plan and IRAs:

  • Penalty-free withdrawals for disaster victims
  • Income-averaging for qualified Hurricane Katrina distributions.
  • Recontribution of qualified Hurricane Katrina distributions.
  • Recontribution of withdrawals for home purchases canceled due to Hurricane Katrina.
  • Increased loan limits and postponed payments for victims of Hurricane Katrina

Subscribers to the Elder Client Planner can read all the details of this and other articles about charitable donations in the upcoming November 2005 issue. Not a subscriber? Go to www.elderclientplanner.com or call (714) 776-7850 for subscription information.
 
 
The Elder Client Planner is our initial nationwide publication to help tax professionals keep their retired or near retired clients.
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