Archive - July 10, 2017

For certain types of workers, specifically someone employed as a public safety employee, there is a special exception to the normal distribution rules. For a public safety employee, retirement plan withdrawal can begin without penalty as early as age 50, rather than age 55 or 59½.

The list of public safety employees includes government or municipal firefighters, police, and emergency medical service employees. Recent expansion of this definition was put in place to include federal employees who work in certain public safety professions. These additional classifications include federal law enforcement, customs and border protection officers, federal firefighters, …