59.5 in service withdrawal
Does the IRS REQUIRE all 401k plans to allow for an in-service withdrawal at age 59.5?
If so, does this also extend to other plan types? (which ones)
Does the IRS REQUIRE all 401k plans to allow for an in-service withdrawal at age 59.5?
If so, does this also extend to other plan types? (which ones)
Permalink Submitted by Alan - IRA critic on Mon, 2018-01-08 23:38
http://retirementdictionary.com/definitions/triggeringevent.No, the IRS or tax code does not require that, although many plans do provide for in service distributions at 59.5. The above explains what is a triggering event and how the plan may select from those events.