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I withdrew my retirement because my job shut down permanently but I don't see that option

What are my options
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1 Reply
DaveF1006
Employee Tax Expert

I withdrew my retirement because my job shut down permanently but I don't see that option

No.  There is no exception that will waive the the income tax levied on the distribution nor can you waive the 10% early withdrawal penalty if you are younger than 59 1/2.

 

Unfortunately, there are no options unless you rolled over the distribution into another retirement plan within 60 days after receiving the distribution.

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