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Age 591/2 rule
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Age 591/2 rule
Age 591/2 rule


noun 
Definition:
 
rule penalizing early retirement account withdrawals: an Internal Revenue Service rule that calls for payment of additional taxes on withdrawals made from IRAs before the age of 591/2
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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