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we live in state of Tennessee.
retired from large company at age 48.
will turn 55 in 2002.
compay maintains my "qualified retirement plan (401K) under irs rules.
the plan allows for a 10 year annual installments anytime after retirement or separation
if i elect the 10 year annual installment options in 2002, will i be subject to a 10% penalty on top of the ordinary income taxes?
retired from large company at age 48.
will turn 55 in 2002.
compay maintains my "qualified retirement plan (401K) under irs rules.
the plan allows for a 10 year annual installments anytime after retirement or separation
if i elect the 10 year annual installment options in 2002, will i be subject to a 10% penalty on top of the ordinary income taxes?
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