401k Withdrawl at 55



Confusing to me, if a person leaves a job at 55, can he take his 401K funds
without penalty? Does the plan administrator have to code the 1099
differently? Where is good, clear explanation on this problem?

tks all


========================================= MODERATOR'S COMMENT:
Yes, see page 30 of http://www.irs.gov/pub/irs-pdf/p4302.pdf
When this applies, the plan administrator should code box 7 of form 1099R
as 2 until you reach age 59 1/2


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