PDA

View Full Version : 403b contributions


wmvwjr
Apr 15, 2009, 01:22 PM
Didn't I hear recently that the President lowered the age to cash in 403bs without penalty to 55 years of age, and turning 55 anytime this year would qualify?

ebaines
Apr 15, 2009, 02:35 PM
No - you can take a distribution at age 55 only if you are separated from service (from the organization where your 403(b) is located) in the year you turn 55 or older.

Remember - it's not the President who makes up the rules here - it's congress and so far they have done nothing to change the rules.