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allsheila
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I was forced to take money out of a IRA cause the company closed the plan

is this reason an expection for taking the money out early?
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1 Reply

I was forced to take money out of a IRA cause the company closed the plan

No.  You could have rolled the money tax free into a Traditional IRA within 60 days of the distribution. The company should have notified you of your options.  If you took the money in cash and are under age 59 1/2 then the penalty applies.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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