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  2. I Want to Retire by 59. How Can I Do It? - AOL

    www.aol.com/finance/retire-59-step-step-plan...

    The 60s are probably the most common age that Americans retire during. Retiring at age 59 is a possibility, though, with some proper planning. For most people, once they’ve turned 59.5, they can ...

  3. I want to retire at 55 but does that mean I have to leave a ...

    www.aol.com/finance/want-retire-55-does-mean...

    With a 401(k), you could face an early withdrawal penalty for removing funds before turning 59 1/2. Under certain circumstances, you can access your 401(k) penalty-free at age 55.

  4. 401(k) withdrawal rules: What to know before cashing out ...

    www.aol.com/finance/what-are-401k-withdrawal...

    Based on 401(k) withdrawal rules, if you withdraw money from a traditional 401(k) before age 59½, you will face — in addition to the standard taxes — a 10% early withdrawal penalty. Why?

  5. A 50-year-old man used an obscure IRS rule to withdraw $20K a ...

    www.aol.com/finance/50-old-man-used-obscure...

    Using this method, your annual withdrawal amount might be calculated this way: Account balance: $500,000. Life expectancy: 34.2 years (based on IRS tables) Annual withdrawal: $500,000 / 34.2 ...

  6. Roth IRA - Wikipedia

    en.wikipedia.org/wiki/Roth_IRA

    A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting an income tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are ...

  7. 8 ways to take penalty-free withdrawals from your IRA or 401(k)

    www.aol.com/finance/8-ways-penalty-free...

    Generally, if you withdraw money from a 401(k) before the plan’s normal retirement age or from an IRA before turning 59 ½, you’ll pay an additional 10 percent in income tax as a penalty. But ...

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