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.
You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ConnerJH12
New Member
user17731566663
New Member
debb-buenrostro
New Member
wxfcstr
New Member
wxfcstr
New Member