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Showing content with the highest reputation on 02/06/2013 in Posts
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age 55 exception 10% penalty
ETA Consulting LLC reacted to John Feldt ERPA CPC QPA for a topic
The 10% penalty exception actually allows you to terminate when you are age 54 as long as the year that you separate contains the 55th anniversary of your date of birth. Example: You terminate February 2013 and are paid out. You reach age 55 in October 2013. No 10% penalty. Also, for payouts after 8-17-2006, there's is another exception at age 50 for payouts from a DB plan for qualified public safety employees.1 point -
New Eligibility
ETA Consulting LLC reacted to Mike Preston for a topic
Check plan document.1 point -
I Used To Be That Dumb (But Not Quite So Dumb) 12-001
MoJo reacted to Andy the Actuary for a topic
I believe the student once went into a confectionary and asked the proprietor how much did the candy stitting atop the counter in glass jars cost. The proprietor told the student, "You can have all you want for a dollar." The student thought a moment and then siad, "I'll take two dollars' worth."1 point -
Must a fiduciary provide a social security number?
MoJo reacted to david rigby for a topic
If the "investment house" is not familiar with institutional/qualified plans, keep moving.1 point -
After-tax money in plan that was not permitted.
K2retire reacted to david rigby for a topic
No matter what resolution, make sure you consider the future: what do you need to do to make sure this does not happen again?1 point