Steven D. asked
I’m 55 and diagnosed with diabetes. I was furloughed from Disney due to COVID-19 and decided to collect my retirement benefits, receiving a lump sum of $63,881, from which $12,669 was withheld for taxes. Do I need to pay a penalty for early retirement, or has the pandemic eliminated that regulation?
June 27th, 2023
Deborah B. answered
No, you should not pay the 10% penalty for early retirement as your situation qualifies for a Cares ...
June 27th, 2023
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