Do the new required minimum distribution rules change how quickly participants must withdraw money?
Yes, the new rules may let a participant keep more of his money growing on a tax-deferred basis. They also replace the complicated formulas that were required to calculate the required minimum with a simpler, more streamlined calculation. Review the NADART brochure, Required Minimum Distributions from Your NADART Account (pdf), for more detailed information.
Related Questions
- Are there new rules for calculating required minimum distribution form qualified retirement plans and individual retirement arrangements (IRAs)?
- Do the new required minimum distribution rules change how quickly participants must withdraw money?
- Does the 10% IRS penalty for premature distribution apply if I withdraw my money before age 59 ½?
