Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Estimating the Effects of the Required Minimum Distribution Rules on Withdrawals from IRAs
Joint Committee on Taxation [JCT], U.S. Congress Feb. 22, 2019 23 pages. "In each year, approximately 20 percent of 60-year-old IRA holders took distributions. For each year this percentage increased linearly until age 70 ... There was a sharp increase at age 70-1/2 ... In 2008 and 2010 -- years in which required minimum distribution rules were in place -- roughly 95 percent of those age 70-1/2 to 85 took distributions. This substantial increase relative to younger ages is evidence of the effect of these rules." [JCX-5-2019, Feb. 22, 2019] |
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