In: Finance
Which of the following reasons for an early distribution from an IRA is NOT an exception to the 10% penalty?
Made on or after the account owner attains age 59½ |
|
Early distributions made for qualifying medical expenses exceeding 10% of the account owner’s AGI |
|
The plan owner becomes totally and permanently disabled |
|
A distribution made after age 55 and separation from service with an employer |
A distribution made after age 55 and separation from service with an employer reason for an early distribution from an IRA is NOT an exception to the 10% penalty