Individual Retirement Accounts
Frequently Asked Questions

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Contributions and distributions

Is federal tax withholding required and how much do I have to specify?

No, withholding is not required.  You may select your withholding options on the distribution form when requesting a withdrawal.  If withholding is selected, the minimum amount is 10%.  You may also wish to consult your tax advisor to determine the withholding amount that may apply to you.

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