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The early withdrawal 10 percent penalty tax for distributions before age 59-1/2 from a qualified retirement plan or an IRA does not apply to distributions that are part of a series of substantially equal periodic payments that are made at least annually for:
November 4 -
by Melissa Klein
November 4 -
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TIAA-CREF Unit Adds Four: The Advisor Services unit of TIAA-CREF, a major pension provider and financial services concern said that it has added four executives.
October 6 -
by Cynthia Harrington, CFA
October 6 -
by Bob Rywick
September 22 -
by Melissa Klein
September 22 -
Equitable Enhances Product Portfolios: The Equitable Life Assurance Society of the United States - a wholly owned subsidiary of AXA Financial Inc. - has redesigned its Universal Life and Survivorship Universal Life product portfolios with enhancements of existing features and benefits.
September 21 -
AIG To Begin Expensing Stock Options: Insurance and financial services concern American International Group Inc. has joined a growing list of Fortune 500 companies that have said they will begin expensing stock options. The company said that it would begin reporting the value of its employee stock options as an expense beginning next year. The company, however, said that it would have a scant impact on earnings, pointing out that had the company expensed options in 2001, it would have reduced its EPS by just 5 cents. In recent weeks, other companies, such as General Electric, Bank One Corp., Coca-Cola Co. and Procter & Gamble Co. have said that they will begin expensing options.
August 28