topic Paying for student loans with retirement distribution is it acceptable use of funds to lower early withdrawl penalty? in Retirement tax questions

Paying for student loans with retirement distribution is it acceptable use of funds to lower early withdrawl penalty?

gmbw0157 — Thu, 06 Jun 2019 13:39:09 GMT

Received a lump sum distribution from LA State employees group.

Used Lump sum to pay off student loans

Can I use as an exception

DoninGA — Thu, 06 Jun 2019 13:39:12 GMT

Payment of student loans, which is a personal loan, is not an exception to the early withdrawal penalty.

See this IRS tax topic for exceptions to the penalty for plans other than an IRA - https://www.irs.gov/taxtopics/tc558