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Terminal Illness withdrawal rights

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Question: 
What is a terminally ill individual IRA distribution?
Answer: 

The term ‚Äúterminally ill individual distribution‚ÄĚ means any distribution from an IRA that is made on or after the date on which the employee has been certified by a physician as having a terminal illness. It is an exception to the 10% penalty.
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First published on 03/03/2024

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