mschipa
Confused about dryer sheets
Hi Everyone,
This might be a complicated question. I "retired" last January, 2014, I was 53 at the time. I put retired in quotes because I volunteered for a layoff that was too good to be true (75 weeks of pay plus bennys). I knew that if you retired in your 55th year (turn 55 in the same year of retirement) you would be excluded from the 10% withdrawal penalty.
So here's the question - because I technically was laid off and my layoff ends in June 2015, the year I turn 55, do I qualify for the exclusion?
Thank you,
Mike
This might be a complicated question. I "retired" last January, 2014, I was 53 at the time. I put retired in quotes because I volunteered for a layoff that was too good to be true (75 weeks of pay plus bennys). I knew that if you retired in your 55th year (turn 55 in the same year of retirement) you would be excluded from the 10% withdrawal penalty.
So here's the question - because I technically was laid off and my layoff ends in June 2015, the year I turn 55, do I qualify for the exclusion?
Thank you,
Mike