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Friday, November 4, 2011

There are a variety of retirement planning options that can meet your needs. Your employer funds some; you fund some. Bear in mind that in most cases, withdrawals made before age 59½ are subject to a 10 percent penalty, and withdrawals usually must begin by April 1 of the year after you turn age70½. Income taxes are also due upon withdrawal in most cases. This list describes 10 of the most common options.

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