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  2. Comparison of 401(k) and IRA accounts - Wikipedia

    en.wikipedia.org/wiki/Comparison_of_401(k)_and...

    When still employed with employer setting up the 401(k), loans may be available depending upon the plan, not more than 50% of balance or $50,000. No Early Withdrawal Generally no when still employed with employer setting up the 401(k). Otherwise, 10% penalty plus taxes. There are some exceptions to this penalty. [9]

  3. Required minimum distribution - Wikipedia

    en.wikipedia.org/wiki/Required_minimum_distribution

    Required minimum distributions (RMDs) are minimum amounts that U.S. tax law requires one to withdraw annually from traditional IRAs and employer-sponsored retirement plans. In the Internal Revenue Code itself, the precise term is "minimum required distribution". [1]

  4. Registered retirement income fund - Wikipedia

    en.wikipedia.org/wiki/Registered_Retirement...

    A minimum RRIF withdrawal is an annual obligatory amount which is cashed out of a RRIF and sent to the account-holder without withholding tax. The withdrawal remains taxable Canadian income, but is eligible for a tax credit to reduce federal income tax by 15% of the first $2,000 withdrawn, if the holder is 65 years or older.

  5. Retirement spend-down - Wikipedia

    en.wikipedia.org/wiki/Retirement_spend-down

    The above withdrawal strategies, sometimes referred to as strategic withdrawal plans or structured withdrawal plans, focus only on spend-down of invested assets and do not typically coordinate with retirement income from other sources, such as Social Security, pensions, and annuities.

  6. 4 Lesser-Known Benefits of Using Online Calculators for ... - AOL

    www.aol.com/finance/4-lesser-known-benefits...

    Play around with different monthly payment amounts and loan terms to understand how you can save money on interest over the long run. Retirement Calculator: ... you can withdraw after retirement.

  7. 55 and Retired: How Far Will $2.5 Million Take You? - AOL

    www.aol.com/retiring-55-2-5-million-130056434.html

    And many retirement planners suggest using 70% of pre-retirement earnings as a starting point when budgeting for spending in retirement. Seventy percent of $60,944 is $42,661. Seventy percent of ...

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