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Re: I received a 1099-R for a $10000 IRA withdrawal as I'm 54 years old. I used $3456 of that to pay for spouse life insurance. Do I still have to pay penalty?
dmertz
Level 15
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Retirement tax questions
Using the money to by life insurance is not an exception to the early-distribution penalty.
February 6, 2020
9:26 AM
