Q. If I retire at my MRA, which is 56, with 31 years of service, will my distributions be subject to the 10 percent penalty if I am under age 59-1/2?
A. No.
Distributions penalty?
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Mike Miles
Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.