|
Age 70 1/2 Minimum Distributions
If you have a tax-qualified annuity (such as an IRA) and you will be turning age 70 1/2 this year, you may be required by Federal law to take a minimum
distribution some time before April 1 of next year. To avoid a last-minute rush to meet the deadline, you can request a distribution at any time during the current year. Please consult your personal tax
advisor for recommendations or guidance on this topic.
|