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UPS Driver killed in Colorado Springs
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 4502857" data-attributes="member: 12570"><p>Pensions are considered to be the same as other retirement plans and as such are subject to Required Minimum Distribution rules:</p><p></p><p><strong>RMD</strong> stands for <strong>Required Minimum Distribution</strong>. It's the <strong>minimum</strong> amount of money you're <strong>required</strong> to take out of your retirement plan once you turn 70 1/2. Virtually all <strong>pension</strong> plans in existence today fall under section 401 of the tax code and they all <strong>require RMD's</strong> after age 70 1/2.Jun 5, 2019</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 4502857, member: 12570"] Pensions are considered to be the same as other retirement plans and as such are subject to Required Minimum Distribution rules: [B]RMD[/B] stands for [B]Required Minimum Distribution[/B]. It's the [B]minimum[/B] amount of money you're [B]required[/B] to take out of your retirement plan once you turn 70 1/2. Virtually all [B]pension[/B] plans in existence today fall under section 401 of the tax code and they all [B]require RMD's[/B] after age 70 1/2.Jun 5, 2019 [/QUOTE]
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UPS Driver killed in Colorado Springs
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