UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: RBAJBUS Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75540  
Subject: 403b and premature distribution penalty Date: 1/15/2000 3:29 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I have had a 403b plan since the late 70's. At the time I opened this account, and for several years afterward, there was no 10% penalty on a premature distribution. One of the tax reform acts of the 80's changed this special status and imposed the same penalty on 403b plans as had been in place for IRA's for many years. I recently heard that the balances in 403b plans previous to the effective date of the tax reform act were still exempt from this penalty. Is this true?
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Value Hounds

Kate Spade's Wild Ride
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement