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As you near retirement age, there is a lot for you to think about. In the coming years, you are going to be making a lot of major decisions that will affect you for the rest of your life.

Financial professionals help people evaluate their goals, analyze their options and come to decisions that they will be happy to live with for a lifetime. This information is designed to provide general information on the subjects covered; it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement.

Please note that Strong Tower Associates and its affiliates do not give legal or tax advice. You are encouraged to consult your tax adviser or attorney. Skip to header Skip to main content Skip to footer. Home retirement. Copyright Ruth Black.

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He specializes in writing about a wide range of topics including financial planning, investing, mutual funds, ETFs, k plans, pensions, retirement planning and more. Learn about our Financial Review Board. You can take out a loan from your k to buy a home or help pay for college, but you must pay it back. You may take a hardship withdrawal from your k if the plan is held by your employer. You can't take loans out from old K accounts. Your plan administrator will let you know if they allow an exception to the required minimum distribution rules for those still working at age Article Sources.

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