Experience and Benefits
Frequently Asked Questions
Planning distributions from qualified plans and IRA's has become a complex task with critical income and estate tax consequences. Within the parameters of the plan document and statutory restrictions, you may have a number of options with regard to receiving your accrued benefits. Various planning strategies may be utilized to minimize the tax impact of such distributions to you and your beneficiaries.
- 10% Penalty on Distributions Prior to Age 59-1/2
- Required Distributions Under Section 401(a)(9)
- After-Death Distribution Rules
- Taxation of ordinary Plan & IRA Distributions
- Taxation of Qualified Lump Sum Distributions
- Tax-Free Rollovers
- IRA Rollovers
- Custodian-to-Custodian Transfers ("direct transfers")
- Taxation of Distributions After Death