Pension Corporation of America Wealth Management Pension Corporation of America 2133 Luray Avenue Cincinnati, OH 45206 513-281-3366 fax 513-281-1799 wealthmanagement@pencorp.com www.pencorp.com
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Required Minimum Distributions (RMDs)
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Which Retirement Savings Vehicles Are Subject to the RMD Rules?
In addition to traditional IRAs, simplified employee pension (SEP) IRAs and SIMPLE
IRAs are subject to the RMD rules. Roth IRAs, however, are not subject to these
rules while you are alive. Although you are not required to take any distributions
from your Roth IRAs during your lifetime, your beneficiary(ies) will generally be required
to take distributions from the Roth IRA after your death.
Employer-sponsored retirement plans that are subject to the RMD rules include qualified
pension plans, qualified stock bonus plans, and qualified profit-sharing plans,
including 401(k) plans. Section 457(b) plans and Section 403(b) plans are also generally
subject to these rules. If you are uncertain whether the RMD rules apply to your
employer-sponsored plan, you should consult your plan administrator or a tax professional.
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Advisory Services Offered Through PCA Investment Advisory Services, Inc. Securities Offered Through L.M Kohn & Company 10151 Carver Road, Ste. 100., Cincinnati, OH 45242 Member FINRA/SIPC And a Registered Broker-Dealer not affiliated with PCA Investment Advisory Services, Inc. |
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2024. |
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