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Community: Investing Wiki

Term Of The Hour

72t rules: Original post by Leslie McClintock of Demand Media In most circumstances, those who are under age 59 1/2 who want to take money out of their retirement accounts or annuities must pay a 10 percent penalty to the Internal Revenue Service. This is in addition to any federal and state income taxes that may be due. This is normally a disincentive to those who want to retire early. Congress makes an…

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