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posted Feb 26, 2025 1:20:54 PM

For an early retirement withdraw, should i pick eligible emergency expense OR separation from service after age 55, if both apply? Does it matter which one I pick?

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Level 15
Feb 26, 2025 1:24:15 PM

If you separated from your employer at age 55 or older, then you would not be subject to the 10% early distribution penalty.  Box 7 of the Form 1099-R would have a code of 2—Early distribution, exception applies (under age 59½).