your plan must begin your benefits by age 701.2 -

sam65166

yixian:
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

year-olds
receive. But no matter when you retire, your plan must begin your benefits by age
701.2, and you must pay income tax on those payments every year.
A series of Congressional laws and IRS rules limit the amount that a pension
plan can pay you in any year. When the maximum was first defined in the 1970s,
it was 100 percent of your average pay for your three highest earning years, up to
$75,000. That maximum has been raised to about $115,000, though the amount
moves upward each year. To prevent the top executives in a company from grabbing
most of the pension benefits [link widoczny dla zalogowanych], a complex series of rules limits pension payments
to those earning the highest salaries. This prevents a plan from becoming
top-heavy and discriminating against lower-paid workers.
HOW YOU GET PAID
While you have no say as an employee about how much your company puts
into the pension plan, how the funds are invested [link widoczny dla zalogowanych], or the formula used to pay benefits [link widoczny dla zalogowanych],
you do have options on how you receive the money at retirement. Normally,
you must decide between an annuity, which pays a specific monthly sum for a
particular period of time, and a lump sum��all the cash at once.
ANNUITY OPTIONS
Annuities offer many payment options. In general,

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