Common use of Required Distributions Clause in Contracts

Required Distributions. After you retire, you must take minimum distributions from your account(s), generally beginning no later than age 70 ½. You do not need to take Required Minimum Distributions from your account(s) as long as you are still working for your current employer, even though you may be over age 70 ½.

Appears in 8 contracts

Samples: 403(b) Salary Reduction and Investment Election Agreement, 403(b) Salary Reduction and Investment Election Agreement, 403(b) Salary Reduction and Investment Election Agreement

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Required Distributions. After you retire, you must take minimum distributions from your account(s)account, generally beginning no later than age 70 ½. You do not need to take Required Minimum Distributions from your account(s) as long as you are still working for your current employer, even though you may be over age 70 ½.

Appears in 2 contracts

Samples: 403(b) Tax Sheltered Annuity Agreement, Salary Reduction Agreement

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