MAY
14, 2001![]()
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Of
Interest
Committee Considers Simplifying Retirement Plan Distribution Rules
For instance: under the current code, retirement plan benefits must begin by April 1st of the calendar year following the year in which the retiree turns 70½, and the retiree may not receive benefits before reaching the age of 59½. These half-year age requirements are confusing for both retirees and employers because they requires them to track dates other than dates of birth. Source www.elderweb.com 5-4-2001 |