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<blockquote data-quote="FAVREFAN" data-source="post: 309136" data-attributes="member: 13078"><p>Actually for the Teamster plan....this is how it is. If you continue to work...59 1/2 w/no penalties. If you are completely retired....55 1/2 w/no penalties. Either way working or not....70 1/2 you have to start taking at least 10% per year. Tax must be paid but without the 10% penalty if you follow the above numbers. Don't have time today, but I will look for proof of the 55 1/2 rule soon. It's not well known and kept on the down low.</p></blockquote><p></p>
[QUOTE="FAVREFAN, post: 309136, member: 13078"] Actually for the Teamster plan....this is how it is. If you continue to work...59 1/2 w/no penalties. If you are completely retired....55 1/2 w/no penalties. Either way working or not....70 1/2 you have to start taking at least 10% per year. Tax must be paid but without the 10% penalty if you follow the above numbers. Don't have time today, but I will look for proof of the 55 1/2 rule soon. It's not well known and kept on the down low. [/QUOTE]
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