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Annuity Puchase after age 70-1/2

Guest LC Brosio

By Guest LC Brosio
in Defined Benefit Plans, Including Cash Balance

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Guest LC Brosio

Guest LC Brosio

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In a defined contribution plan, for a participant after 70-1/2, does the minimum distribution amount get paid and deducted from the account balance before forwarding the balance to purchase an annuity?

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