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Yo, Danny.

<<Isn't there option 'e':

They have a JavaScript to calculate how much you can
draw without 10% penalty and they include links to other
sites for more details.


Without going to the site, I can say there is an option "e" , and it's rarely used. It's called a 72t withdrawal, so named for the section of the Infernal (sic) Revenue Code where it's found. Basically, that says you can withdraw monies from an IRA or qualified retirement plan like a 401k as "substantially equal periodic payments based on the [owner's/participant's] life or the the joint life expectancy of the [owner/participant] and designated beneficiary." There are three ways to compute the amount to be taken, two of which are extremely complicated and require professional services. Once the method is determined, the withdrawals start and must continue for at least five years or until age 59 1/2, whichever period is the longest. Fail to follow the rules and procedures correctly, and the whole thing to include prior years' withdrawals becomes immediately taxable and penalized. It's a can of worms most folks don't want to get into.

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