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Retirement tax questions
No, that would not be a correct application of the rule.
Based on information published by the IRS, the exception to the early distribution penalty associated with separation of service and the age of 55, you must be 55 before the separation occurs.
Here is a link to the IRS site that outlines the early distribution penalty exceptions:
Topic no. 558, Additional tax on early distributions from retirement plans other than IRAs
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‎January 28, 2024
9:58 AM