Fundamental Concepts Principle #3: Penalize taxpayers who don't use the money during retirement. How:
{"Image DocumentName": "Fundamental ConceptsPrinciple #3: Penalize taxpayers who don\u2019t use the money during retirement. How:", "Image ImageDescription": "Require that distributions begin at the earlier of age 70\u00bd or upon death of the taxpayer. As a general rule, the Code imposes a 50% additional income tax on the excess of the amount required for distribution over the amount actually distributed. Make things really complicated if a taxpayer dies with money remaining in the IRA or Qualified Plan.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}