The Wall Street Journal published a short article on the nonspouse beneficiary provisions in Section 829 of the Pension Protection Act. I missed the article on February 27th, but I was lucky that a friend of mine emailed me a copy. In the Personal Finance column, the article provides a short summary of this part of PPA - it is not an in-depth discussion. It does contain a reminder that the plan language must be amended for this provision to take effect. The IRS in Notice 2007-7 stated that this not mandatory, and then clarified two of the Q&As in a press release on February 13th.
Technorati Tags: Pension Protection Act, nonspouse, rollover, beneficiary, Notice 2007-7, pension, retirement, tax, PPA
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