Description of Tax Planning for Retirees
This publication is a tax planning treatise and reference book for lawyers, tax
accountants, and other tax advisors with clients who are retired or about to retire. The
treatise is published by LexisNexis Matthew Bender.
Chapter 1 summarizes the tax planning ideas and techniques presented in the treatise.
A retiree may implement some of these tax-saving techniques at the time of
retirement, and implement others at any time during his or her retirement years.
Chapter 1 also summarizes the tax-saving techniques in the treatise available to the
beneficiaries of a retiree.
The first section of each subsequent chapter provides an overview of the material
contained in the chapter. The overview briefly summarizes the material in the chapter
and provides cross-references to more detailed discussions of each point.
Chapter 2 discusses the federal tax treatment of retiree benefits derived from qualified
plans and section 403(b) plans (i.e., tax-sheltered annuities or TSAs). For ease of
presentation, this book refers to all those plans collectively as qualified retirement
plans (except where otherwise clearly indicated). Chapters 3 and 4 explain the taxation
of benefits from certain eligible plans established by tax-exempt organizations and
state or local governments. Chapters 5, 6 and 7 discuss retirees’ use of individual
retirement accounts (IRAs and Roth IRAs), and designated Roth accounts. Of course,
all these types of plans or arrangements enjoy tax-favored treatment to some extent.
Chapter 8 explains requirements for minimum distributions of retirement benefits to
retirees and their beneficiaries. These requirements apply in varying degrees to
benefits derived from all the types of tax-favored plans and arrangements mentioned in
the preceding paragraph (i.e., to plans and arrangements discussed in Chapters 2
through 7).
Chapters 9 and 10 explain the federal taxation of benefits from “nonqualified”
employer retirement plans (i.e., from plans that generally do not enjoy favored
treatment for tax purposes). Subsequent chapters discuss the tax aspects of
employer disability plans, military retirement and disability pay, and employer-provided
fringe benefits for retirees (such as life insurance and medical insurance).
Of course, retirees do not necessarily derive all their retirement income from their
previous employers or from tax-favored employer plans or other such arrangements.
For example, some retirees receive part of their retirement income under annuity
contracts they have personally purchased from insurers. Chapter 14 discusses the
federal taxation of benefits under these purchased annuity contracts. Most retirees
also derive some retirement income from social security benefits. Chapter 15
discusses the taxation of social security benefits.
The final four chapters discuss the tax treatment of long-term care expenses and
insurance, federal gift and estate taxes on retirement benefits, the taxation of
retirement benefits paid to foreign retirees, and other miscellaneous tax provisions
affecting retirees.
The book also contains an extensive glossary of the tax terms used in the book.
To Home page
This publication is a tax planning treatise and reference book for lawyers, tax
accountants, and other tax advisors with clients who are retired or about to retire. The
treatise is published by LexisNexis Matthew Bender.
Chapter 1 summarizes the tax planning ideas and techniques presented in the treatise.
A retiree may implement some of these tax-saving techniques at the time of
retirement, and implement others at any time during his or her retirement years.
Chapter 1 also summarizes the tax-saving techniques in the treatise available to the
beneficiaries of a retiree.
The first section of each subsequent chapter provides an overview of the material
contained in the chapter. The overview briefly summarizes the material in the chapter
and provides cross-references to more detailed discussions of each point.
Chapter 2 discusses the federal tax treatment of retiree benefits derived from qualified
plans and section 403(b) plans (i.e., tax-sheltered annuities or TSAs). For ease of
presentation, this book refers to all those plans collectively as qualified retirement
plans (except where otherwise clearly indicated). Chapters 3 and 4 explain the taxation
of benefits from certain eligible plans established by tax-exempt organizations and
state or local governments. Chapters 5, 6 and 7 discuss retirees’ use of individual
retirement accounts (IRAs and Roth IRAs), and designated Roth accounts. Of course,
all these types of plans or arrangements enjoy tax-favored treatment to some extent.
Chapter 8 explains requirements for minimum distributions of retirement benefits to
retirees and their beneficiaries. These requirements apply in varying degrees to
benefits derived from all the types of tax-favored plans and arrangements mentioned in
the preceding paragraph (i.e., to plans and arrangements discussed in Chapters 2
through 7).
Chapters 9 and 10 explain the federal taxation of benefits from “nonqualified”
employer retirement plans (i.e., from plans that generally do not enjoy favored
treatment for tax purposes). Subsequent chapters discuss the tax aspects of
employer disability plans, military retirement and disability pay, and employer-provided
fringe benefits for retirees (such as life insurance and medical insurance).
Of course, retirees do not necessarily derive all their retirement income from their
previous employers or from tax-favored employer plans or other such arrangements.
For example, some retirees receive part of their retirement income under annuity
contracts they have personally purchased from insurers. Chapter 14 discusses the
federal taxation of benefits under these purchased annuity contracts. Most retirees
also derive some retirement income from social security benefits. Chapter 15
discusses the taxation of social security benefits.
The final four chapters discuss the tax treatment of long-term care expenses and
insurance, federal gift and estate taxes on retirement benefits, the taxation of
retirement benefits paid to foreign retirees, and other miscellaneous tax provisions
affecting retirees.
The book also contains an extensive glossary of the tax terms used in the book.
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| Copyright © 2005-2009 by Vorris J. Blankenship All Rights Reserved |
The author intends that this website provide accurate and authoritative information on the subject
matter covered. However, the information provided on this website is not a substitute for the advice of
an attorney, accountant, or other professional; and the author is not offering legal, accounting, or
other professional advice. The material presented on this website is not intended for use, and may
not be used, to avoid tax penalties. If you need legal advice or other professional help, you should
seek (from an independent attorney, accountant, or other competent professional) advice based on
your own particular circumstances.
matter covered. However, the information provided on this website is not a substitute for the advice of
an attorney, accountant, or other professional; and the author is not offering legal, accounting, or
other professional advice. The material presented on this website is not intended for use, and may
not be used, to avoid tax penalties. If you need legal advice or other professional help, you should
seek (from an independent attorney, accountant, or other competent professional) advice based on
your own particular circumstances.
About the Treatise
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