I know virtually nothing about retirement plans. At work I have been invited to join 401K plan with my employer putting monies in the account for me. My questions are: If you can take the money out at 59.5 years old what rate of tax would you have to pay or is it not possible to evaluate that at this time? Also some mention was made of moving to a state that does not tax retirement monies. Can anybody shine some light on this for me please???? (I'm sure it is very simple but it seems a bit of a maze at present!!)
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