Q. A 403(b) account holder will be turning age 59½ in November of this year. Can he or she take a distribution earlier in the year and avoid the 10% penalty for a distribution before he or she attains age 59½?
A. No. A 403(b) account holder must have attained age 59½ as of the date of the distribution.
Recent Comments
Does the roth requirement for catch-up contributions for people who earned $145,000 apply to 457...
Hi Ed,
I really liked this article and I think you make a lot of sense. And I had no...
I believe there's a misstatement in that last quote - it should refer to governmental and...
Working with several medical providers as clients, I note that the high-end earners tend to push...
Congratulations to NTSAA for landing a good one. Nathan's breadth of experience and...