ira: Important Information for Those Over 70 ½ Years of Age
- 03/10/09 12:03 PM
Important Information for Those Over 70 ½ Years of Age Who Are Eligible to Take Required Minimum Distributions (RMDs) From Their IRA and/or Qualified Retirement Plan
The Worker Retiree and Employer Recovery Act (WRERA) signed into law by former President Bush on December 23, 2008 contains, among other stipulations, a provision for the suspension of Required Minimum Distributions (RMDs) for tax year 2009. Some important provisions of this Act are: •· RMDs are suspended for IRA owners and qualified retirement plan participants (401(k), 403(b), 457 plans, etc.) •· RMDs are suspended for IRA and qualified retirement plan beneficiaries including Roth … (0 comments)
Aurora Financial Group, South Jersey's largest independent mortgage banker. More than 20,000 area consumers have received over $2.1 billion from Aurora over the past two decades. We offer a wide variety of mortgage products, including specialized programs targeted for first-time homebuyers and retirees/seniors.
Since it's founding, Aurora has been at the forefront of innovative and addordable residential financing. Some of Aurora's notable achievements are:
•Largest originator in southern NJ of government backed loans (FHA, VA, RHS), 1986 to present
•Largest participant in NJ Housing & Mortgage Finance Agency (NJHMFA) programs, 1990 to present
•Largest originator or Rural Housing Service guaranteed rural housing loans, 1992 to present
•A leading providor of renovation and rehab loans using Fannie Mae's "Home-Style", FHA 203k, and NJHMFA's mixed use "upstairs-downstown" and home remodeling "HomePlus" programs
•Seller-Servicer for Fannie Mae, NJHMFA, and numerous banks, pensions funds, and private investors.
"Aurora Financial Group Inc. (NMLS # 7096) is a licensed Mortgage Banker - States of NJ & PA Departments of Banking."
Important Information for Those Over 70 ½ Years of Age Who Are Eligible to Take Required Minimum Distributions (RMDs) From Their IRA and/or Qualified Retirement Plan
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