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Posted by Arthur Kamlet on April 26, 2008, 8:29 pm
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>Confusing to me, if a person leaves a job at 55, can he take his 401K funds
>without penalty? Does the plan administrator have to code the 1099
>differently? Where is good, clear explanation on this problem?
>
>========================================= MODERATOR'S COMMENT:
>Yes, see page 30 of http://www.irs.gov/pub/irs-pdf/p4302.pdf
Correction:
That should be http://irs.gov/pub/irs-pdf/p575.pdf
>When this applies, the plan administrator should code box 7 of form 1099R
>as 2 until you reach age 59 1/2
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
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