If you're referring to the 10% penalty exception for separation of service at age 55, the answer is unfortunately, no. See page 20 of this IRS publication. Under the penalty exceptions it states:
"Made to an employee after separation from service if the separation occurred during or after the calendar year in which the employee reached age 55."
If you're referring to the 10% penalty exception for separation of service at age 55, the answer is unfortunately, no. See page 20 of this IRS publication. Under the penalty exceptions it states:
"Made to an employee after separation from service if the separation occurred during or after the calendar year in which the employee reached age 55."