There are five options for you to choose from when considering what to do with your retirement plan distributions. The table below provides an overview of each one. To learn more about any of your options, simply click on the links within the table.
Consider this...before
you take your retirement plan distribution:
If you are in the 35% tax bracket and under 59½ years old, you could lose 45% of your retirement savings to taxes and penalties unless you roll your distribution into an IRA.
* Unless you are terminating employment after age 55 or disabled. ** Taxes may be refunded after Federal tax return is filed. + If you roll over only the net amount (minus the 20% withheld), you may still be subject to current tax and penalties. ++ If annuity is payable over life or life expectancy, payments will not be subject to either mandatory income tax withholding or early withdrawal penalties. For more in-depth information, contact your tax advisor or financial advisor.
This information is general in nature and is not meant as tax advice. Consult a tax professional as to how this information applies to your situation.
For more complete information, including a prospectus, please contact your financial
advisor. You may also view a
current prospectus online,
order literature through our site, or contact an Investor Service Representative
at 800-225-5478. Investors should consider a fund's objective, risks and expenses
carefully before investing. This information, and other information, can be found
in the fund's prospectus.
Please read the prospectus carefully before investing. Other expenses, including
sales charges,
apply to a continued investment in the fund and are described in the fund's current
prospectus.
The mutual funds referred to in this website are offered and sold only to persons
who are eligible to purchase U.S. registered investment funds and are offered by
prospectus only.
