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403(B)/ TSA Plans

Forced Withdrawal Of Money From A TSA At Age 70 l/2

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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.

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