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If for whatever reason your plan will NOT let you take installments, then you'll be forced to move the cash to an IRA, and that in turn forces you into following 72t rules.


Thanks all for the replies..
In taking this info to my 'plan administrator', I discovered that the official retirement age for my company has been established as 65. According to the folks at American Century (where the funds are), my only option at my retirement age (56) is to roll it over to an IRA. Then I can either do the 72(t) thing or better yet, wait until I am 59 1/2 to start a withdrawal plan.
No real big deal, I believe it is more Foolish to draw down those monies that are not tax deferred?
Back to the old drawing board for a new plan.

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