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Retirement tax questions
Unfortunately, by rolling over the money from a 401(k) into an IRA, you changed all the withdrawal rules and exceptions from the 401(k) rules to the IRA rules. You are subject to a 10% penalty if you withdraw before age 59 1/2, and the fact that you separated from your employer at age 55 is no longer part of the calculation.
‎January 19, 2024
1:10 PM