Minor as 401K beneficiary continued

Submitted by Mary Gies on Thu, 2016-09-22 18:19

The 401K deceased party was under 59 1/2. If the minor’s guardian rolls the 401K into an Inherited IRA fbo the minor, and withdraws money for the support of that minor prior to the minor being of age, will those withdrawals have early withdrawal penalties?



Submitted by Alan - IRA critic on Fri, 2016-09-23 01:14

No early withdrawal penalty applies after the death of the 401k participant.

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