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My understanding is that the 10% additional tax on early distributions is forgiven if I am over age 55 and default on a loan through my 401(k) plan when I have a separation from service with my employer. Can you confirm that for me?
Where can I find additional information on tax-favored retirement plans?
Category:
Pensions/Annuities/Retirement Plans (i.e., 401(k), etc.)
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Page Last Reviewed or Updated: December 09, 2008