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The Age 55 Rule for 401(k) Accounts
By reinvestor on July 27, 2015
This rule comes from Internal Revenue Code 72(t)(2)(A)(v), which states that the 10% additional tax for early distributions does not apply to any distributions that are “made to an employee after separation from service after attainment of age 55.” In reality, however, the rule is slightly more lenient than that.
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