What Is My Projected Required Minimum Distribution?
Current tax law specifies that once you reach age 70-1/2 you must begin
making taxable withdrawals from your IRAs and many other retirement plans.
These minimum distributions are calculated annually based on your age,
plan balance at the end of the previous year, marital status and spouse's
age. If you do not meet the annual minimum distribution, you may be
subject to a 50% penalty on your underpayment, plus ordinary income tax as
the funds are withdrawn.
This information may help you analyze your financial planning needs. It is based on information and
assumptions provided by you regarding your goals, expectations and financial situation. This service shall
not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as
the only source of information. This information is supplied from sources we believe to be reliable but we
cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance
information. Past performance does not guarantee nor indicate future results.
