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New Member
posted Mar 18, 2024 3:17:33 PM

I had to withdrawal my retirement due to quitting my job and needing money to live? Is there an exemption to the 10% penalty?

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2 Replies
Level 15
Mar 18, 2024 3:19:10 PM

Sorry, that is not an exception to the 10% early distribution penalty.

Level 15
Mar 18, 2024 3:19:34 PM

Sorry---no, there is not an exception to the 10% early withdrawal penalty when you quit your job and use your retirement funds before you are 59 1/2.