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Its not "normal" because you are not 59 1/2. Normal simply means 59 1/2.
However, Box 2 means you are not paying the 10% penalty either way. So, you are not penalized for not being 59 1/2 regardless. A "7' wouldn't be any better than a "2".
Its not "normal" because you are not 59 1/2. Normal simply means 59 1/2.
However, Box 2 means you are not paying the 10% penalty either way. So, you are not penalized for not being 59 1/2 regardless. A "7' wouldn't be any better than a "2".
Can you define "separation from service "? Is being laid off from an employer considered "separation from service "?
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