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    wmvwjr's Avatar
    wmvwjr Posts: 1, Reputation: 1
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    #1

    Apr 15, 2009, 01:22 PM
    403b contributions
    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's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    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.
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