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Of course, the goal in carefully planning and
contributing to retirement plans is to someday take out
your money, as well as the earnings that have grown in the
tax-sheltered account. People generally withdraw funds from their
retirement plans after they retire, when they often are in a lower
tax bracket. Sometimes, however, people face unplanned financial
needs—such as a job loss or divorce—and need to take a
distribution from their plan before retirement. How to handle these
and other types of distributions is the subject of this
- What Is a Retirement Plan?
- What Are the Tax Implications of Retirement Plan Distributions?
- When Can You Take Distributions From a Retirement Plan?
- WHEN MUST YOU START TAKING RETIREMENT PLAN DISTRIBUTIONS?
- How Can You Take Distributions From a Retirement Plan?
- What Are Annuity Distribution Methods?
- SUMMARY OF RETIREMENT WITHDRAWALS
To begin our discussion, let's review the
basic features of retirement plans.