Retirement postponement

Once an individual has established these plans, distribution provisions under these plans are restricted to the time at which they may commence. Distributions from an individual retirement account may not begin before an individual reaches age 59%. If distributions are made prior to that age, they are subject to a 10% premature distributions penalty in addition to being included in the individual s taxable income for that year. Furthermore, distributions may not be postponed beyond the taxable year in which the individual attains age 70%. So, in other words, between age 59% and 70% distributions may commence. Once distributions do occur, any amounts received under the plan are taxed as ordinary income includable in the individual s gross income for that year and are taxed at ordinary rates—no capital gains or special averaging is permitted. 

Pharmacists already in the workforce can also contribute to solving the shortage. With the proper incentives, women pharmacists may change from traditional work patterns and work more. Incentives may also induce pharmacists to postpone retirement and remain in the workforce. 

The pharmacist workforce would increase in size if pharmacists postponed retirement and instead continue to work either full-time or part-time. Likewise, the size of the workforce would be increased if fewer pharmacists... 

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