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<<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.


Thanks, Pixy. As always, a great help.

My bride of 35 years and I have found: (1) The perfect 5 acres, (2) The perfect house plan, and (3) A builder with an unblemished reputation in our town. Since we plan to retire here in 2 to 4 years anyway, why not build that dream retirement home now and begin to enjoy! Anyway, that's the plan; Foolish or not.

The tax consequences of withdrawals now are another issue.....

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