![]() In addition, you must begin taking distributions once you reach age 72 (age 70½ if born before July 1, 1949) or you retire, whichever is later. Qualified birth or adoption withdrawal within one year from the date of birth or adoption.Taking substantially equal payments for a period of five years or upon reaching age 59½, whichever is later.The following are some events upon which you may withdraw vested amounts without incurring a 10% federal early withdrawal tax penalty: Disability (as defined by Social Security).Generally, depending on your employer’s plan provisions, you may withdraw your vested account balance if you meet one of the following requirements: ![]() Your plan was established to encourage long-term savings, so withdrawals prior to age 59½ may be subject to federal restrictions and a 10% federal early withdrawal tax penalty.
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