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.
In a Traditional 401(k), the money you contribute is pre-tax earnings. Instead of getting taxed now, your contributions and earnings on those contributions are allowed to grow in a tax free account until they are withdrawn. At that time, withdrawals are taxed as ordinary income. If thatâs the case, you can rollover your Traditional 401(K) to a Roth IRA that year and pay the low income tax rate. 2  Eligible for a greater number of deductions and credits since a Traditional 401(k) reduces your taxable income.