TAXMAN Posted April 2, 2010 Report Posted April 2, 2010 TP 54 laid off. draws unemployment. Needs $ for cobra and living. Pulls chunk from 401K plan. Cannot meet 71/2 % medical. Income to high. Any body know exception that I might use to avoid about a $2000.00 penalty. My brain not working to good today. Thanks :scratch_head: Quote
Lion EA Posted April 2, 2010 Report Posted April 2, 2010 How about paying health premiums? Or, was the withdrawal recent enough that he can still set up periodic payments? Quote
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