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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1036695" data-attributes="member: 12570"><p>Favre, here is another option:</p><p></p><p>You also can avoid the penalty if you are younger than 59½, leave your employer, and take substantially equal periodic payments, based on life expectancy, beginning after separation from service and made at least annually based on the life or the life expectancy of the employee, or on the joint lives or life expectancies of the employee and his or her designated beneficiary. The payments must continue for at least five years or until you reach age 59½, whichever is the longer period. For more information and a complete list of exceptions, go to <a href="http://www.irs.gov/retirement/sponsor/article/0,,id=151926,00.html" target="_blank"><span style="color: #039bca">irs.gov</span></a> (scroll to "Tax on early distributions").</p><p></p><p>This is commonly called the Rule of 72.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 1036695, member: 12570"] Favre, here is another option: You also can avoid the penalty if you are younger than 59½, leave your employer, and take substantially equal periodic payments, based on life expectancy, beginning after separation from service and made at least annually based on the life or the life expectancy of the employee, or on the joint lives or life expectancies of the employee and his or her designated beneficiary. The payments must continue for at least five years or until you reach age 59½, whichever is the longer period. For more information and a complete list of exceptions, go to [URL="http://www.irs.gov/retirement/sponsor/article/0,,id=151926,00.html"][COLOR=#039bca]irs.gov[/COLOR][/URL] (scroll to "Tax on early distributions"). This is commonly called the Rule of 72. [/QUOTE]
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