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We have a defined contribution plan at work. The plan document has language that says you can retire early on exactly your 55th birthday, or thereafter, with X years of service. The way I feel physically makes me think that I will want to exercise that option when that day comes - if I can make it to 55. I am wondering how that works. I want to roll my account balance into an IRA when I leave and handle my own investing rather than purchasing an annuity. Is it possible to structure it that way and not be penalized by IRS for making withdrawals from an IRA before I am 59.5? What kind of professional should be able to give me accurate answers to this type of question?
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