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Many Retirees May Still Need to Take This Year's Full 'Minimum Required Distribution' from Their IRA


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Minnesota (1:07) -- by Rob White, vice president of financial wellness and planning (Twin Cities region)
MP3 format | Ogg Vorbis format | QuickTime (MPEG-4/AAC) format | Windows Media Audio 9.2 format

"AFTER DECADES OF WORKING HARD TO SAVE, THE NEXT BIG CHALLENGE FOR THOSE NEAR, OR IN, RETIREMENT IS BEING AWARE OF HOW TO WITHDRAW THAT SAVINGS--SO IT WILL LAST THROUGHOUT THEIR RETIREMENT-YEARS.  EACH YEAR, THE I-R-S REQUIRES PEOPLE WHO ARE OVER 70-AND-A-HALF TO TAKE WHAT'S CALLED A 'MINIMUM REQUIRED DISTRIBUTION'--OR M-R-D--FROM THEIR TAX-DEFERRED RETIREMENT-ACCOUNTS--SUCH AS I-R-A'S.  THAT'S SO THAT THEY DON'T DEFER PAYING TAXES INDEFINITELY.  NOT WITHDRAWING THIS REQUIRED AMOUNT CAN LEAD TO AN ADDITIONAL TAX-PENALTY.  EVEN SO, SO FAR THIS YEAR, ROUGHLY HALF OF OUR CUSTOMERS WHO ARE REQUIRED TO MAKE A WITHDRAWAL HAVE YET TO TAKE THE FULL AMOUNT--AND ROUGHLY 40-PERCENT HAVEN'T TAKEN ANY DISTRIBUTION AT ALL.  THIS HOLDS TRUE BOTH NATIONALLY AND HERE IN MINNESOTA.  SINCE THE AMOUNT THAT ISN'T WITHDRAWN BY DECEMBER 31ST MAY BE SUBJECT TO A TAX-PENALTY OF UP TO 50-PERCENT, WE URGE CUSTOMERS TO CONSIDER ENROLLING IN AUTOMATIC WITHDRAWALS.  THIS CAN BE A COMPLEX TOPIC--SO FIDELITY-CUSTOMERS CAN CALL 1-800-'FIDELITY', FOR HELP SORTING THROUGH WHAT'S REQUIRED.  WE ALSO OFFER EDUCATIONAL RESOURCES, ON '"FIDELITY"-DOT-COM', ABOUT THIS IMPORTANT TOPIC--FOR CUSTOMERS AND NON-CUSTOMERS ALIKE."

Texas (1:05) -- by Scott Staples, Katy-based vice president and branch-office manager
MP3 format | Ogg Vorbis format | QuickTime (MPEG-4/AAC) format | Windows Media Audio 9.2 format

"AFTER DECADES OF WORKING HARD TO SAVE, THE NEXT BIG CHALLENGE FOR THOSE NEAR, OR IN, RETIREMENT IS BEING AWARE OF HOW TO WITHDRAW THAT SAVINGS--SO THAT IT WILL LAST THROUGHOUT THEIR RETIREMENT-YEARS.  EACH YEAR, THE I-R-S REQUIRES PEOPLE WHO ARE OVER 70-AND-A-HALF TO TAKE WHAT'S CALLED A 'MINIMUM REQUIRED DISTRIBUTION'--OR M-R-D--FROM THEIR TAX-DEFERRED RETIREMENT-ACCOUNTS--SUCH AS I-R-A'S.  THAT'S SO THEY DON'T DEFER PAYING TAXES INDEFINITELY.  NOT WITHDRAWING THIS REQUIRED AMOUNT CAN LEAD TO AN ADDITIONAL TAX-PENALTY.  EVEN SO, SO FAR THIS YEAR, ROUGHLY HALF OF OUR CUSTOMERS WHO ARE REQUIRED TO MAKE A WITHDRAWAL HAVE YET TO TAKE THE FULL AMOUNT--AND ROUGHLY 40-PERCENT HAVEN'T TAKEN ANY DISTRIBUTION AT ALL.  THIS HOLDS TRUE BOTH NATIONALLY AND HERE IN TEXAS.  SINCE THE AMOUNT THAT ISN'T WITHDRAWN BY DECEMBER 31ST MAY BE SUBJECT TO A TAX-PENALTY OF UP TO 50-PERCENT, WE URGE CUSTOMERS TO CONSIDER ENROLLING IN AUTOMATIC WITHDRAWALS.  THIS CAN BE A COMPLEX TOPIC--SO FIDELITY-CUSTOMERS CAN CALL 1-800-'FIDELITY', FOR HELP IN SORTING THROUGH WHAT'S REQUIRED.  WE ALSO OFFER EDUCATIONAL RESOURCES, ON '"FIDELITY"-DOT-COM', ABOUT THIS IMPORTANT TOPIC--FOR CUSTOMERS AND NON-CUSTOMERS ALIKE."

Washington state (1:11) -- by Ryan Hurst, Bellevue branch-office manager
MP3 format | Ogg Vorbis format | QuickTime (MPEG-4/AAC) format | Windows Media Audio 9.2 format

"AFTER DECADES OF WORKING HARD TO SAVE, THE NEXT BIG CHALLENGE FOR THOSE NEAR, OR IN, RETIREMENT IS BEING AWARE OF HOW TO WITHDRAW THAT SAVINGS--SO IT WILL LAST THROUGHOUT THEIR RETIREMENT-YEARS.  EACH YEAR, THE I-R-S REQUIRES PEOPLE WHO ARE OVER 70-AND-A-HALF TO TAKE WHAT'S CALLED A 'MINIMUM REQUIRED DISTRIBUTION'--OR M-R-D--FROM THEIR TAX-DEFERRED RETIREMENT-ACCOUNTS--SUCH AS I-R-A'S.  THAT'S SO THEY DON'T DEFER PAYING TAXES INDEFINITELY.  NOT WITHDRAWING THIS REQUIRED AMOUNT CAN LEAD TO AN ADDITIONAL TAX-PENALTY.  EVEN SO, SO FAR THIS YEAR, ROUGHLY HALF OF OUR CUSTOMERS WHO ARE REQUIRED TO MAKE A WITHDRAWAL HAVE YET TO TAKE THE FULL AMOUNT--AND ROUGHLY 40-PERCENT HAVEN'T TAKEN ANY DISTRIBUTION AT ALL.  THIS HOLDS TRUE BOTH NATIONALLY AND HERE IN WASHINGTON.  SINCE THE AMOUNT THAT ISN'T WITHDRAWN BY DECEMBER 31ST MAY BE SUBJECT TO A TAX-PENALTY OF UP TO 50-PERCENT, WE URGE CUSTOMERS TO CONSIDER ENROLLING IN AUTOMATIC WITHDRAWALS.  THIS CAN BE A COMPLEX TOPIC--SO FIDELITY-CUSTOMERS CAN CALL 1-800-'FIDELITY', FOR HELP IN SORTING THROUGH WHAT'S REQUIRED.  WE ALSO OFFER EDUCATIONAL RESOURCES, ON '"FIDELITY"-DOT-COM', ABOUT THIS IMPORTANT TOPIC--FOR CUSTOMERS AND NON-CUSTOMERS ALIKE."



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