This series of payments can be for the rest of your life, or over the joint lifetimes of yourself and your spouse, or anyone else you designate. Section 72(t) of the Internal Revenue Code allows you to annuitize your 401k or other qualified pension plan at any time without paying a penalty to the IRS.
Hello Alexandra, To talk about the differences between speed and velocity, let's talk about how they are defined. Speed can be defined as the distance traveled divided by the total time taken. So, speed = distance/time. While velocity can be defined as the displacement divided by the total time taken. So, velocity = displacement/time.
Velocity is a vector. Both direction and quantity must be stated. It one train has a velocity of 100km/h north, and a second train has a velocity of 100km/h south, the two trains have different velocities, even though their speed is the same. Other examples of vectors are force, and field intensity.