Investments & Retirement Planning
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The Bank of Missouri's Investments & Retirement Planning Group welcomes you.
Please use these links to quickly access your information or interests. You can also contact us to set up your personal consultation today.
Important Announcement for IRA Holders
On December 23, 2008, President Bush signed into law the Worker, Retiree
and Employer Recovery Act of 2008. This legislation affects individuals who
are taking required minimum distributions (RMDs) and beneficiaries of
deceased IRA holders.
Under this law, if you are an IRA holder who is age 70 1/2 or older in 2009
or are a beneficiary of a deceased IRA holder's account, you are not
required to take an RMD for the 2009 tax year. If, however, you are an IRA
holder who was age 70 1/2 in 2008 and chose to delay your first RMD payment,
you still must take your 2008 RMD by April 1, 2009. Any distributions that
are taken from an IRA in 2009 will not be considered RMD payments unless the
payments are distributions to satisfy RMDs for the 2008 tax year.
If you are receiving automatic distributions from your IRA and would like to
discontinue these payments, please contact us at your earliest convenience.