Use this guide to determine whether a pre- age 59 ½ distribution from an IRA or employer plan account could be exempt from the 10% additional tax (early distribution penalty).
Updated with SECURE Act 2.0
Review from Natalie B. Choate, the nation's leading expert on IRA tax laws and Plan distributions
"Denise Appleby has created charts summarizing Roth vs. traditional IRA, portability (what type of plan can be rolled into what other type of plan), and more. I wish everyone who answers an 800 number at the big financial firms had these charts, so there would be fewer incidents of erroneous advice." ~ Natalie B. Choate, Esq.