What is the name of your state (only U.S. law)? california
i manage my own pension plan
i qualified to take a certain amount out before i turned 59 1/2, which i have been doing
at the time, the rules were once the amount was established, you had to take the same amount each year until 59 1/2. from then until 70 1/2, you could basically take whatever amount you wanted. and then at 70 1/2, you had to take a specified amount, based upon your age and the amount in your account.
i am turning 60 at the end of this year. and i wanted to do some reading to make sure i do things as i should.
anyone point me to a good article for me to refresh myself on the rules that i should be adhering to ?
i manage my own pension plan
i qualified to take a certain amount out before i turned 59 1/2, which i have been doing
at the time, the rules were once the amount was established, you had to take the same amount each year until 59 1/2. from then until 70 1/2, you could basically take whatever amount you wanted. and then at 70 1/2, you had to take a specified amount, based upon your age and the amount in your account.
i am turning 60 at the end of this year. and i wanted to do some reading to make sure i do things as i should.
anyone point me to a good article for me to refresh myself on the rules that i should be adhering to ?