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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?

To: Gary Metzer who wrote (327)	3/29/1999 10:03:00 AM
From: stock_bull69	Respond to of 1390

For those with SCH IRA's: SAN FRANCISCO, March 29 /PRNewswire/ -- Charles Schwab & Co., Inc., (NYSE: SCH) today announced that is has amended its payment policies on inherited individual retirement accounts (IRAs). The new rules allow people who inherit individual retirement accounts to name a subsequent beneficiary for the inherited IRA account. In some circumstances, the new policies permit the beneficiary of an inherited IRA to continue receiving benefits on the original distribution schedule. "These changes will provide customers with additional estate planning tools," said Carolyn Spitz, vice president, Schwab Retirement Products. "It's a strategy that could potentially extend the tax-deferred benefits and reduce potential tax consequences of inherited IRAs." Charles Schwab & Co., Inc., (member SIPC/NYSE) serves over five million active accounts with more than $521 billion in assets. Schwab provides a full-service investing experience to all its customers through a multi-dimensional offering of the Internet, 291 branch offices, voice recognition and touch-tone telephone technologies, multilingual and international technologies, and quick access to its professionals day or night. SOURCE Charles Schwab & Co., Inc. Steve