Question: Cami (age 52 and married) was recently let go as part of her employer's reduction in force program. Cami's annual AGI was usually around $50,000.
Cami (age 52 and married) was recently let go as part of her employer's reduction in force program. Cami's annual AGI was usually around $50,000. Shortly after Cami's employment was terminated, her employer distributed the balance of her employer-sponsored 401(k) account to her. What could Cami do to avoid being assessed the 10 percent early distribution penalty?
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Cami could roll over contribute the full 401k proceeds to an ... View full answer
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