Freebase (0.00 / 0 votes) Rate this definition: Angle. In geometry, an angle is the figure formed by two rays, called the sides of the angle, sharing a common endpoint, called the vertex of the angle. Angles are usually presumed to be in a Euclidean plane or in the Euclidean space, but are also defined in non-Euclidean geometries.
At the age of 59.5, you are to considered to have reached the minimum distribution age, and can therefore begin withdrawal from your 401(k) without being subject to a 10% penalty on early distributions.
Not Taxable Income. A loan from your 401(k) will not be treated as taxable income and is not to be reported on your income taxes. You made the original contributions to your 401(k) with pretax dollars, and the tax on those contributions is deferred until you begin taking withdrawals after age 59 1/2.f plan participants may take out loans, the written plan description states that borrowing is allowed. Although withdrawals from a 401(k) by participants younger than 59 1/2 usually result in a penalty, loans from 401(k) funds do not trigger a penalty.