At age 55, Estelle separated from service with her employer. She rolled over $25,000, the entire balance of her 401(k),
-
answerhappygod
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
At age 55, Estelle separated from service with her employer. She rolled over $25,000, the entire balance of her 401(k),
At age 55, Estelle separated from service with her employer. Sherolled over $25,000, the entire balance of her 401(k), into an IRA.Then, in November of the same year, Estelle had to take $3,550 outof this new IRA in order to pay some bills. How much of herdistribution is subject to the early distribution penalty? $0$2,500 $3,550 $25,000.