In order to provide relief to individuals who have had to sell assets at decreased values in order to meet the required minimum distribution (RMD) amount, the “Worker, Retiree and Employer Recovery Act,” P.L. 110-458, has waived the RMD rules for calendar year 2009. This will help individuals who must take required payouts from employer-sponsored tax-qualified retirement plans or IRAs. The impact of this change will be seen in three areas: (1) owners of retirement plans and traditional IRAs who are older than age 70½, the age at which required payouts from IRAs must begin, will be permitted to skip the RMD that otherwise would be required for 2009 (note that the new law does not allow the waiver of a 2008 RMD that was deferred to 2009); (2) beneficiaries of retirement plans or IRAs, who also must make minimum annual withdrawals which generally are fully taxable, may skip the annual payout that otherwise would be required for 2009; and (3) although Roth IRA account owners are not required to make lifetime RMDs from these accounts, beneficiaries of Roth IRAs must make minimum annual withdrawals after the account owner dies, and the new law provides that such beneficiaries do not have to make such withdrawals for 2009 (although this will not affect their income tax, since distributions are tax-free, the beneficiaries will avoid having to sell low-value assets and will allow more money to remain sheltered from tax).