Pension Calculation Update
B. IRA Income Distribution Alternatives. There are two ways to distribute assets from your 401(k) savings plan prior to age 59 ½ (penalty free). Ordinary income taxes still apply. 1. Age 55 Rule - If you retire at age 55 or older, you can request up to twelve 401(k) Savings Plan distribuions per year (minimum distribution amount is $1,000.) 2. ................
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