premature distribution
Definition
A withdrawal before age 59 1/2 from a qualified retirement plan, usually accompanied by a penalty.
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Related Terms
excess distribution
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Keoghs
Designed for self-employed individuals and their employees, KEOGH plans are tax-deferred retirement plans. Learn about the two types: Defined Contribution Plans and Defined Benefit plans and the details of each.
SEP and SIMPLE Plans
Learn about Simplified Employee Pension Plans and Savings Incentive Match Plans for Employees. Includes information on how to contribute, who is eligible, and how withdrawals work from each.
403(B)
403(b) plans are retirement plans for certain kinds of tax-exempt employers. Learn about eligibility, fees and expenses and transferability of these plans.
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