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How to get out of Teamsters 401k
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<blockquote data-quote="Big Babooba" data-source="post: 981975" data-attributes="member: 5402"><p><span style="color: #b22222"><strong>There are exceptions to paying the 10% penalty if you make a withdrawal before age 59 1/2 .</strong></span></p><p><span style="color: #b22222"><strong></strong></span></p><ul> <li data-xf-list-type="ul"><span style="color: #b22222"><strong>Distributions upon the death or disability of the plan participant. </strong></span></li> <li data-xf-list-type="ul"><span style="color: #b22222"><strong>You were age 55 or over and you retired or left your job. </strong></span></li> <li data-xf-list-type="ul"><span style="color: #b22222"><strong>You received the distribution as part of "substantially equal payments" over your lifetime. </strong></span></li> <li data-xf-list-type="ul"><span style="color: #b22222"><strong>You paid for medical expenses exceeding 7.5% of your adjusted gross income. <br /> </strong></span></li> <li data-xf-list-type="ul"><span style="color: #b22222"><strong>The distributions were required by a divorce decree or separation agreement ("qualified domestic relations court order")</strong></span></li> </ul><p><span style="color: #b22222"><strong>However you are not exempt frm the 20% Federal withholding.</strong></span></p><p><span style="color: #b22222"><strong></strong></span></p></blockquote><p></p>
[QUOTE="Big Babooba, post: 981975, member: 5402"] [COLOR=#b22222][B]There are exceptions to paying the 10% penalty if you make a withdrawal before age 59 1/2 . [/B][/COLOR] [LIST] [*][COLOR=#b22222][B]Distributions upon the death or disability of the plan participant. [/B][/COLOR] [*][COLOR=#b22222][B]You were age 55 or over and you retired or left your job. [/B][/COLOR] [*][COLOR=#b22222][B]You received the distribution as part of "substantially equal payments" over your lifetime. [/B][/COLOR] [*][COLOR=#b22222][B]You paid for medical expenses exceeding 7.5% of your adjusted gross income. [/B][/COLOR] [*][COLOR=#b22222][B]The distributions were required by a divorce decree or separation agreement ("qualified domestic relations court order")[/B][/COLOR] [/LIST] [COLOR=#b22222][B]However you are not exempt frm the 20% Federal withholding. [/B][/COLOR] [/QUOTE]
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How to get out of Teamsters 401k
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