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.
72(t) Withdrawals. Another potential option to access money in your 401(k) without penalty comes courtesy of IRS rule 72(t), which permits early withdrawals based on life expectancy. You have to take a specified amount every year for at least five years or until you turn 59 1/2, whichever is greater.