pension withdrawal
Taking nest egg
Pension withdrawal is the act of taking money out of a retirement account, either as a lump sum or in regular payments.
Early withdrawals—before retirement age—typically incur tax penalties: The early pension withdrawal cost her thousands in fees.
The term also covers routine distributions during retirement, when funds are accessed without penalty.
- retirementLeaving the workforce permanently
- early retirementExiting career before standard age
- savingsAccumulated money kept
- lump sumEntire amount at once
- early accessAvailability before public launch
annuity · defined benefit · final salary · 401k · IRA · cash out · fund · nest egg · rainy day fund · monthly income · tax penalty · tax free · rollover · disbursement · superannuation · beneficiary · golden years · payout
- taxable incomecapital gain, capital gains, dividend, bonus, dividend income
- payoutspayout, disbursement, dividend, cash prize, reimbursement
- withdrawalcash out, distancing, retreating, disconnection, pulling back
pension withdrawalpension contribution
Payment into retirement fund
retirement contribution · retirement savings · employer contribution · employee contribution
pension withdrawalwealth building
pension, withdrawal, pensions, pensioner, pensioners, pensioned, pensioning, withdraw, withdraws