@enjoimorenow wrote:
well, i said you would LIKELY pay penalties unless you had a qualifying event, of which I know that first time home buyers, and school expenses are some reasons that you can take a distribution and avoid paying the penalty.
It was not my intention to be in dispute with your comment, and I hope it did not come off that way. I do however know some people are unaware that seperation from service to employer in the calander year you turn 55 removes the 10% penalty on 401k or qualifying retirement. I know until it actually applied to me, I had no idea. I was only seeking to further inform those who might be unaware of this. I was not seeking to contradict your very valid point, if it seemed I was, I apologize.
TU fico08=812 07/16/23
EX fico08=809 07/16/23
EQ fico09=812 07/16/23
EX fico09=821 07/16/23
EQ fico bankcard08=832 07/16/23
TU Fico Bankcard 08=840 07/16/23
EQ NG1 fico=802 04/17/21
EQ Resilience index score=58 03/09/21
Unknown score from EX=784 used by Cap1 07/10/20
