Thalia turned 55 in 2016 and decided to terminate her, Ask an Expert

Finance

Thalia turned 55 in 2016 and decided to terminate her employment. She had a vested balance in her qualified plan of $550,000. She has decided to begin taking withdrawals.

She realizes she is below age 59 and ½. Is she liable for the 10% early withdrawal penalty?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92750296

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