Early Retirement Benefits

Early Retirement Benefits

Early Retirement Benefits means:
the benefits to which a person who retires before the formal retirement age is entitled. Early retirement is increasingly common in the United States. Early retirement benefits make it possible for more senior employees to retire early and for the company to promote younger employees without layoffs. However, there is an additional 10% tax on early distributions from a qualified retirement plan (before age 59V2, for example).

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