If you are under age 59 ½, a 10% premature penalty
may be assessed on all distributions you receive. Waiver of the 10% premature
penalty may apply in some specific circumstances. Employees should consult
their tax advisor pertaining to their particular situation.By taking substantially
equal periodic payments, you avoid incurring the 10% premature distribution
penalty. The substantially equal distribution schedule selected must continue
for at least 5-years or until you reach age 59 ½, whichever is
longer, or you will be subject to a 10% premature distribution penalty
on all payouts already received. Further details with respect to substantially
equal periodic payment formulas are provided in IRS Notice 89-25.All distributions
from your retirement account are taxable in the year received. Please
note, that at age 70 ½, you must begin taking minimum distributions
from your retirement plan. Distributions for any of the above reasons
involve specific tax regulations and options. Please consult your tax
advisor before requesting the distribution. This information does not
constitute tax advice. FSC Securities Corporation and/or its representatives
do not provide tax advice. Please consult your tax advisor pertaining
to your particular situation.Information and opinions expressed are strictly
those of the author and may not be those of FSC Securities Corporation.
* AIG Advisor Group, Inc. is the
marketing designation for the wholly owned subsidiary
broker-dealer members of American International Group, Inc. (AIG).
Registered representative offering securities and investment
advisory services through FSC Securities Corporation, a
registered broker/dealer. Member FINRA/SIPC a registered
investment adviser.
The Information being provided is strictly as a courtesy. When you link to any of these web-sites provided herein, FSC Securites Corporation makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through this site.
State Registrations Disclosure for Websites This site
is published for residents of the United States only. FSC Securities Corporation's Advisors may only conduct business with residents of the states for which
they are properly registered. Therefore, a response to a request for information
may be delayed. Please note that not all of the investments and services
mentioned are available in every state. Investors outside of the United
States are subject to securities and tax regulations within their applicable
jurisdictions that are not addressed on this site. Contact your local
FSC Securities Corporation office for information and availability.
