- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
The age at which early penalties for retirement plan distributions end is 59 1/2, not 55. You would have to have a special circumstance to avoid the early withdrawal penalty.
One way to avoid the penalty would be to make substantially equal payments over a period of 5 years, ending no later than when you turn 591/2.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
May 10, 2021
3:31 PM