Received Distribution from Retirement Plan Prior to 59 1/2 to pay for Student Loan. Do I need to pay the Penalty?

csongt · ‎April 3, 2025

MayaD · ‎April 3, 2025

Yes. You must pay an additional 10% early withdrawal tax unless an exception applies.

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MayaD · ‎April 3, 2025

Yes. You must pay an additional 10% early withdrawal tax unless an exception applies.

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dmertz · ‎April 3, 2025

... and using the funds to pay a student loan is not an exception to the penalty.

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