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Additional Information

A note on retirement laws:

Though compulsory retirement at a given age is generally not permitted by law, current Federal Law requires that, at age 70 and 1/2, a set minimum distribution of retirement and other tax deferred funds must begin, including IRA funds. The exact amount for each retirement account will depend upon the amount invested. It is likely that organizations hold your tax-deferred retirement funds will notify you, sometime prior to the time you reach this age, regarding the various options for the distributions of funds you hold with them. Otherwise, you should take the initiative to contact these organizations. Failing to adhere to the Federal minimum withdrawals may subject you to financial penalties.