Exceptions To The 10% IRA Early Withdrawal Penalty

IRA Distribution for a Conversion to a Roth IRA” on page 15 of this manual. PENALTY TAX FREE DISTRIBUTIONS IRA assets may be distributed before age 59½, without the 10 percent premature distribution penalty tax, if the proceeds are used for one of the following Life Event Exceptions: • Made when the IRA owner is age 59½ or over ................
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