Exeptions to Early withdrawal penalties Flashcards
1
Q
Unreimbursed Med. Expenses above 7.5 AGI
A
Q PLAN: YES
IRA: YES
2
Q
QUALIFIED HIGHER EDUCATION EXPENSES
A
Q PLAN: NO
IRA: YES
3
Q
AGE 59.5
A
Q PLAN: YES
IRA: YES
4
Q
AFTER DEATH
A
Q PLAN: YES
IRA: YES
5
Q
TOTAL AND PERMANENT DISABILITY
A
Q PLAN: YES
IRA: YES
6
Q
HEALTH INSURANCE PREMIUMS WHILE UNEMPLOYED
A
Q PLAN: NO
IRA: YES
7
Q
SUBSTANTIALLY EQUAL PAYMENTS
A
Q PLAN: YES
IRA: YES
8
Q
QUALIFIED FIRST TIME HOME BUYERS (UP TO $10,000)
A
Q PLAN: NO
IRA: YES
9
Q
EMPLOYEE SEPERATES FROM SERVICE DURING OR AFTER YEAR THEY REACH 55
A
Q PLAN: YES
IRA: NO
