 |
|
OUR EXPERIENCE
We have a combined experience of 64 years in the financial services industry.
Licenses include Series 7, Series 24, Series 63, Series 65, Life and Health,
and Variable Annuities.
|
 |
EVENTS
Our Event Calendar gives information on upcoming conferences, workshops,
special lectures and summer schools in the Reno area.
Most of our events have an educational component to them.
|
|
Market Snapshot
The Market Snapshot provides
information on current financials in the U.S and World
Markets. Major Indices, US Market Update, World market
Update, Crude Oil Prices, Precious Matals Prices, Forex
Spot Rates, Index Movers, Best Mortgage Rates, Major US
Interest Rates, US Treasuries and Major 3-Month LIBOR Rates
can all be found at-a-glance.
|
 |
Community Service
The investment professionals
at First WallStreet Financial Advisors are committed
to serving our community by contributing their time
in various Charities and Non-Profit Organizations. |
|
 |
|
For personal consultation,
please call: 1-866-876-1777
or local: 775-826-1777
|
|
| Uniform
Life Chart
Retirement Plans:
- for Individuals
- for Businesses
|
Uniform Lifetime Table
|
IRS regulations require that you take minimum distributions
from your IRA and/or other qualified retirement plans
when you reach age 70 1/2. Your required minimum distribution
(RMD) is calculated by dividing your previous year-end
balance by your life expectancy factor. Use the Uniform
Life Chart below to determine your required minimum distribution
if you are the original account holder of an IRA (not
a beneficiary) and your sole primary beneficiary is not
a spouse more than 10 years younger than you. If either
of these two exceptions apply, please contact your Investment
Executive for assistance in calculating your required
minimum distribution.
|
|
Example: Joe will turn age 75 in year 2004. His 12/31/2003 account
balance was $200,000. Looking at the chart below, his life expectancy
factor is 22.9. Joe's RMD for 2004 is $200,000 divided by 22.9 = $8,733.62.
Required Minimum Distributions
(Update 4/16/02)
|
Age
|
Applicable Divisor
|
|
70
|
27.4
|
|
71
|
26.5
|
|
72
|
25.6
|
|
73
|
24.7
|
|
74
|
23.8
|
|
75
|
22.9
|
|
76
|
22.0
|
|
77
|
21.2
|
|
78
|
20.3
|
|
79
|
19.5
|
|
80
|
18.7
|
|
81
|
17.9
|
|
82
|
17.1
|
|
83
|
16.3
|
|
84
|
15.5
|
|
85
|
14.8
|
|
86
|
14.1
|
|
87
|
13.4
|
|
88
|
12.7
|
|
89
|
12.0
|
|
90
|
11.4
|
|
91
|
10.8
|
|
92
|
10.2
|
|
93
|
9.6
|
|
94
|
9.1
|
|
95
|
8.6
|
|
96
|
8.1
|
|
97
|
7.6
|
|
98
|
7.1
|
|
99
|
6.7
|
|
100
|
6.3
|
|
101
|
5.9
|
|
102
|
5.5
|
|
103
|
5.2
|
|
104
|
4.9
|
|
105
|
4.5
|
|
106
|
4.2
|
|
107
|
3.9
|
|
108
|
3.7
|
|
109
|
3.4
|
|
110
|
3.1
|
|
111
|
2.9
|
|
112
|
2.6
|
|
113
|
2.4
|
|
114
|
2.1
|
|
115 and Older
|
1.9
|
First WallStreet
Financial Advisors does not provide tax or legal advice.
Please consult with your own tax and legal advisors before
taking any action that would have tax consequences.
|
|
|
2004 - 2010 © Copyright First
WallStreet Financial Advisors. |
|
 |
|
|
|
|
|
|
|
|
