Watch this! Financial Diva & Robin Marsh on CBS.

Did you miss the Financial Diva's interview with News 9's Robin Marsh in Robin's Power for Your Pocketbook segment last Thursday? Maybe you just want to re-watch it. Well, here you go! Just click this link...

News 9

Victoria has been the first in many ventures, and now she's done it again! She is the first Financial Advisor in the State of Oklahoma to embrace Social Media and recently hosted the first independent Live Chat in Oklahoma. Just view the clip above to see valuable tips that will be useful to you and your business.

--Jennifer--

Assistant to the Financial Diva

Urgent IRS Notice

Required Minimum Distribution

The IRS requires that you withdraw at least a minimum amount - known as a Required Minimum Distribution - from your retirement accounts annually, starting the year you turn age 70-1/2. Determining how much you are required to withdraw is an important issue in retirement planning. Use the calculator to determine your

www.ChappelWood.com

There have been many questions and confusion regarding the IRS RMD, for 2009. Below is the Recovery Act of 2008 which states the following:

"The Worker, Retiree, and Employer Recovery Act of 2008, Pub. L. No. 110-458, para. 201 "

Waives RMDs for 2009 for defined-contribution plans, tax-deferred annuities, governmental deferred-compensation plans and IRAs.

If a person turns 70 1/2 in 2008 and did not take a distribution in 2008 thus deferring until April 1, 2009 then this person still has to take the 2008 distribution in 2009 because the Act only eliminates the 2009 distribution requirement. Also this means that if a person turns 70 1/2 in 2009 and decides to not take a distribution until 2010 then the 2009 distribution required on April 1, 2010 can be eliminated and only the required 2010 distribution in 2010 needs to be distributed.

As an Independent Chief Investment Advisor I encourage you to speak to your personal CPA to discuss your individual circumstances.