Sen. John McCain wants to help Americans use their nest eggs to cope with the current economic turbulence.

McCain, R-Ariz., the Republican presidential nominee, today released a pension and family security plan.

One provision in the McCain proposal calls for the government to let taxpayers ages 60 and older pay a tax rate of just 10% on 2008 and 2009 withdrawals from individual retirement accounts and 401(k) plans.

The low withdrawal rate would apply to the first $50,000 withdrawn, according to a summary of the proposal prepared by the McCain campaign staff.

McCain’s Democratic opponent, Sen. Barack Obama, D-Ill., proposed Monday that all taxpayers be permitted to take up to $10,000 in retirement account hardship withdrawals in 2008 and 2009.

Under the Obama plan, the usual tax penalties would be eliminated, but the taxpayers taking the withdrawals would have to pay the usual income taxes on the amounts withdrawn.

Like Obama, McCain is proposing that the government suspend a requirement that normally would require retired taxpayers to start withdrawing assets from retirement accounts at age 70.5.

“Forcing seniors to sell at this time guarantees less to live on during retirement and could affect over 4 million seniors,” the McCain campaign says in the McCain economic proposal summary. “John McCain believes this [rule] should be immediately waived.”