Sentences with phrase «funds after a certain age»
You may decide to control the distribution of funds after a certain age limit is met.
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That means you need to start taking a certain amount of money out of your account (and paying income taxes on it) by April 1 of the year after you reach age 70.5 — whether you need the funds or not.
Based on individual requirement, whether you need funds immediately or after a certain age, you can buy pension plan accordingly.