Re: How do I avoid the 10% penalty using the rule ...
DaveF1006
Employee Tax Expert

Retirement tax questions

According to IRS.gov, the 10% early withdrawal penalty can be waived if distributions made to you after you separated from service with your employer if the separation occurred in or after the year you reached age 55. If you retire in 2021, that penalty can be waived.

 

[Edited 02-15-2021|06:40 PM PST]

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