457b distribution

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I retired at age 55 as a public safety employee in California. Do I pay the 2.5% early withdrawal penalty on 457b distributions? The federal 10% is exempt.

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MinhT1Answer

Alumni - Intuit

For California, there is an exception to the early withdrawal penalty for public safety employees after separation from service after age 50.

See this CA Revenue document.

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MinhT1Answer

Alumni - Intuit

For California, there is an exception to the early withdrawal penalty for public safety employees after separation from service after age 50.

See this CA Revenue document.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

457b distribution

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