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Retirement tax questions
After age 59.5, it's irrelevant what you did with the money*. Buying a house is not a tax exception, it's only a penalty exception. The 10% early distribution penalty only applies to people under 59.5.
*Except rollovers to another plan. After age 70.5, there is a charity contribution exclusion allowed, when done properly.
‎February 16, 2022
4:41 AM
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