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swhalin
New Member

1099-R question of Money Received Before Age 59 1/2? Does this include my monthly pension check?

 
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ToddL
New Member

1099-R question of Money Received Before Age 59 1/2? Does this include my monthly pension check?

No, it does not. 

The "59-1/2 early withdrawal" rule only applies to withdrawals you have control over (e.g. IRA and 401K). Pension income is not subject to early withdrawal rules or penalties.

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ToddL
New Member

1099-R question of Money Received Before Age 59 1/2? Does this include my monthly pension check?

No, it does not. 

The "59-1/2 early withdrawal" rule only applies to withdrawals you have control over (e.g. IRA and 401K). Pension income is not subject to early withdrawal rules or penalties.

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