View Single Post
Old 03-12-2017 | 08:44 PM
  #8  
CargoDriver
Line Holder
 
Joined: Dec 2011
Posts: 51
Likes: 0
From: 757/767 Captain
Default

Originally Posted by 767pilot
Hypothetically, couldn't he take it at any age with the 8% a year hit?
Correct. Taking retirement distributions prior to Age 60 results in an IRS penalty of 8% per year. At least that is my understanding.

Taking retirement prior to Age 60 and NOT taking the distributions until Age 60 would give him his full vested years.
Reply