Complete flexibility! When one of the above happens, you have several options:
- You may withdraw all or part of your money at any time. However, unlike most retirement plans, you are never required to begin taking your money out. There are no required minimum distributions. You may leave your money in the Trust for as long you like, even after you reach age 70½. If you wish to take a partial distribution of your account, you may do so once in a 12‑month period. You may take up to 60% of the accumulated balance at the time of withdrawal.
- You may select from a wide range of annuity (guaranteed monthly income) options. Please contact our Plan Advisor for further information.
Upon withdrawal, all earnings may be subjected to a 10% excise penalty. Please consult with your tax adviser prior to withdrawal.