EARLY DISTRIBUTION PENALTY EXCEPTIONS (2 of 2)
01.Core Concepts
Only IRAs • Higher education expenses • First time home purchase (up to $10,000) • Health insurance for unemployed • Distributions of earnings from corrective distributions of excess contributions Only Qualified Plans • QDRO or state order under divorce* • Attainment of age 55 and separation from service • Public safety employee separated from service after age 50 or 25 years of service under the plan • Distributions from pension-linked emergency savings accounts (PLESAs) • Qualified long-term care distributions (after December 29, 2025)