Minimum Distribution Requirement Calculations
The Tax Reform Act of 1986 and subsequent legislation mandates that tax-deferred investment participants initiate distributions from their account upon attainment of age 70 1/2 or retirement, whichever is later. The tax penalties for failure to withdraw the required amount can be quite severe. Upon request, Hamilton Cavanaugh & Associates, Inc. will assist in the calculation and communication of the minimum distribution amounts to program participants.
Please contact us for more details.
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