Taxing Lessons From Court Decisions

What’s in a Number? The Age of Separation

Image source: openclipart.org In tax law, as you might expect, numbers matter. Age is one of those numbers. For example, once you reach age 70-1/2, you’re required to take minimum distributions from your traditional Individual Retirement Account. Here’s another age milestone in tax law–55. That’s the age when you can qualify for the separation-of-service exception to the 10% penalty on…

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