Business, Legal & Accounting Glossary
A rule that allows an individual to withdraw funds from an IRA before age fifty-nine and a half without paying a penalty. Under this rule, funds must be withdrawn in equal amounts at regular intervals. The withdrawals must continue for a period of five years or until an individual reaches age fifty-nine and a half, whichever comes later.
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This glossary post was last updated: 16th November, 2021 | 0 Views.