New CCH Book Shows Professionals How To Make The Most Of Roth, Traditional, IRAs

(RIVERWOODS, ILL., September 23, 2002) ó With the passage of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the IRSí issuance of new regulations on mandatory withdrawals, there are greater opportunities than ever before to meet retirement and other needs through IRAs, according to CCH INCORPORATED (CCH), a leading provider of pension, tax and human resources law information. Saving for the Future: Roth and Traditional IRAs, by Nicholas Kaster, JD and Glenn Sulzer, JD meets the needs of professionals who want to make the most of these new opportunities for their clients ($96.95, 574 pages). To order, call 1-800-248-3248 or visit the CCH Online Store at

"The law now makes it possible for people to save more for retirement and educational expenses, to easily transfer assets between different types of plans and to lessen taxes in their retirement years by taking smaller mandatory withdrawals. But, the rules are complex and many provisions are phased in over a number of years," said Kaster.

"Saving for the Future is a comprehensive guide for professionals who set up and maintain IRAs and who need to advise their clients on how to navigate the complex and ever-changing tax rules for these accounts," he added.

Traditional, Roth and More

Saving for the Future explains in easy-to-understand language how to establish a Roth and traditional IRA, the rules for contributing to and taking distributions from a Roth and traditional IRA, and the consequences of converting a traditional IRA to a Roth IRA. Numerous examples and planning pointers are used throughout to illustrate the rules.

The book also provides a concise explanation of the rules for establishing and maintaining SIMPLE IRAs and simplified employee pensions (SEPs), two types of employer-sponsored plans that utilize the IRA vehicle to fund benefits. The major changes brought about under EGTRRA had a sizable impact on these plans as well.

To round out the discussion, Saving for the Future details new opportunities to save for college costs. Both Coverdell education savings accounts (formerly known as Education IRAs) and "Section 529" qualified tuition plans allow tax-favored savings for education expenses, and both programs were expanded under recent legislation.

The full text of relevant provisions of the Internal Revenue Code, IRS regulations, rulings and official forms that are needed to comply with the various tax rules are included as appendices. By combining expert explanations with official documents, Saving for the Future is useful for both the novice and seasoned professional.

About the Authors

Nicholas Kaster is senior analyst for the CCH Pension Plan Guide and is a contributing editor to CCHís annually published U.S. Master Pension Guide. Kasterís previous books include Roth IRAs After the 1998 Tax Law Changes and A Guide to SIMPLE Plans. An attorney, Kaster is considered one of the countryís most noted experts on Roth IRAs.

Glenn Sulzer is an attorney and senior analyst specializing in retirement plans. Sulzer authored Working with 401(k) Plans and developed the CCH Guide to 401(k) Plans, which he edits. He also is a leading contributor to the CCH Pension Plan Guide and the U.S. Master Pension Guide.

Availability and Pricing

For more information or to order the 574-page Saving for the Future: Roth and Traditional IRAs, contact CCH at 1-800-248-3248 or visit the CCH Online Store at Single copy price is $96.95 plus applicable tax, shipping and handling. Quantity discounts and school adoption pricing are available.


CCH INCORPORATED, headquartered in Riverwoods, Ill., was founded in 1913 and has served four generations of business professionals and their clients. The company produces more than 700 electronic and print products for the tax, legal, securities, insurance, human resources, health care and small business markets. CCH is a wholly owned subsidiary of Wolters Kluwer North America. The CCH web site can be accessed at The CCH human resources web site can be accessed at

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Editorís Note: Members of the media who would like a complimentary review copy of Saving for the Future: Roth and Traditional IRAs may contact Leslie Bonacum at (847) 267-7153 or