Content Overview 
- Summary
- Withdrawals For Hardship
- The Definition Of A 403(B) Plan Also Known As A "TSA"
- What Are The Benefits Of A 403B Plan?
- Limitation On The Amount Of Contributions To A TSA
- If You Have Been With The Organization For More Than 15 Years
- How Contributions To The Plan Are Made
- Permitted Investments For Money In A TSA
- Borrowing From A TSA
- If You Become Disabled
- If You Leave Your Employer Before Age 59 1/2
- If You Retire Or Leave Your Employer And You Are Older Than Age 59 1/2
- Forced Withdrawal Of Money From A TSA At Age 70 l/2
- What Happens To The Money In A TSA If I Die?
403(B)/ TSA Plans
Forced Withdrawal Of Money From A TSA At Age 70 l/2
Next » « Previous13/14
You must start taking minimum withdrawals from you plan by April 1 of the later of the year after you reach age 70 1/2 or the year in which you actually retire.
If you don't take the required withdrawals, you will be faced with a possible 50% penalty tax on the amount you failed to withdraw.
Please share how this information is useful to you.
0 Comments
Post a Comment Have something to add to this topic? Contact Us.
Get Your Personal Guide