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FoolishProf asks:

<<I understand that distributions taken prior to age 59.5 are subject to a
10% penality. Is this the only criterion? In other words, after a person
is 59.5 is there any other test that must be met to avoid the 10% hit?>>

Nope, that's the only hurdle. Reach that age and you may take your stash provided you're no longer working OR (if working) your plan allows distributions at that age.

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