qbteachmt
Level 15
04-07-2021
06:07 PM
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You are asking about disaster distributions.
Yes, most retirement accounts qualify; no, 529 plans don't qualify. A 529 plan is not a retirement plan. It's a school savings plan.
There is no $10k penalty. Perhaps you are asking about the 10% early withdrawal penalty.
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Don't yell at us; we're volunteers