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	<title>New answer on: How To Terminate A Qualified Retirement Plan?</title>

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		<title>By: Steve Savant</title>

		<link>https://www.insurancelibrary.com/retirement-plans/how-to-terminate-a-qualified-retirement-plan</link>

		<dc:creator>Steve Savant</dc:creator>

		<pubDate>Sun, 04 Aug 2013 15:13:14 +0000</pubDate>

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		<description><![CDATA[Your retirement plan is your money whether you&#039;re using an employer sponsored or individual plan. But there may be considerable consequences to consider when terminating your plan, especially before age 59 1/2 as the IRS imposes a 10% penalty and ordinary income taxes. In the year of termination, the proceeds from your plan could very well increase your income a couple of tax brackets for that year. If you can wait until after age 59 1/2 and amortize your termination over a longer period, you may be able to keep more of your money.]]></description>

		

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