Retirement Switch: From 401(k) to IRA

The rules about withdrawing from a 401(k) plan seem fairly straightforward. You need to wait until age 59½ and retirement before taking money out. Otherwise, you get hit with penalties. Simple, right? Actually, the rules surrounding 401(k) account withdrawals -- or distributions as the IRS likes to call them -- are not quite as simple as you think. Looking for financial advice? Click here to send David your questions and they might end up as a topic for his next column. Consider these two...Full Story
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