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Q. I participate in a non-qualified plan. Will this affect how I should withdraw
my benefits from my qualified plan at retirement?
A. In a qualified plan you must start withdrawing your required minimum distribution
by age 70 1/2 or you can be hit with a 50% tax penalty. Non-qualified plans are generally
more flexible. You need a financial planner to look at your whole financial situation
to determine what is the best withdrawal strategy.
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I’m interested in rolling-over my 401K or other retirement plan,