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Community: Investing Wiki

Term Of The Hour

draw 401k plan: Original post by Mark Kennan of Demand Media After putting away money in your 401k plan, you may need to access it to pay for your expenses, either in retirement or beforehand. You can only take a distribution after you are 59 1/2 years old, leave your job, suffer a financial hardship or a permanent disability. Getting the money out of your 401k plan is only half the battle: the IRS requires you…

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