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Subject:
Item Title: Work Out a Plan for Retirement Payouts
Summary:
When you leave
the workforce to retire, or if you switch jobs, you have to determine how to take distributions from your company retirement plan. The decision can have major tax implications. Here are four basic options, as well as the exceptions that allow a taxpayer to take money from a qualified retirement plan before age 59 1/2 without having to pay the 10 percent early withdrawal penalty.
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