RETIREMENT WITHDRAWALS COME WITH STRINGS ATTACHED
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In return for the tax breaks available for retirement plans, the Internal Revenue Code has a plethora of rules and regulations that determine when and how much you are allowed to take from your plan. In addition, how you time your distributions can have a considerable impact on how much you are taxed. This is a complex topic, and one you may want to review periodically as you either approach retirement or move beyond that milestone.
You also may want to explore other tutorials on related retirement topics. Click here to learn even more about this topic with the Encyclopedia of Personal Finance™