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Community: Investing Wiki

Term Of The Hour

401k mandatory distributions: Original post by Shula Asher Silberstein of Demand Media 401(k) accounts are tax-deferred retirement-savings accounts. Typically, you elect to have a portion of your paycheck withheld and deposited into your 401(k) account. You can't withdraw the money until you reach the age of 59.5 without incurring tax penalties, and once you turn 70.5, you must begin taking money out. If you are still working…

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