Question

Can i Get some help please

Answer 1

The last one. After your 59 1/2 you can take the money you've put forward and use it as you please. After all, you've been giving them money for a long time as a loan to them and at that point you get the money back with the interest you've accumulated. If you take it out before then, you have to pay a penalty. Think of it like a contract of sorts.

Answer 2

you must pay tax if you withdraw your savings once you are 59.5 years old. i hope this helps