Loan & Distribution Specialist AimPoint Pension
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Compass
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Hall County Government
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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'Early' Distributions and Disability Penalty Exceptions
Motley Fool Aug. 29, 2006 Excerpt: If you take distributions from an IRA or qualified plan 'early' (normally before age 59-1/2), you'll be subject to a 10% tax on the distribution, commonly known as the 'early withdrawal penalty.' However, there are various exceptions to this 10% penalty .... Disability can also be an exception to the penalty, although the code and regulations have been a bit vague in their definition of 'disability' here. Two recent Tax Court decisions helped clarify that definition. |
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