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  1. Penalty does not apply to distributions taken on or after the date taxpayer turns 59 1/2. See section 72(t)(1)
    1 point
  2. Age 59 1/2 is 6 months after the taxpayer attains age 59. It was covered in this topic a few years ago. From the top of that topic, scroll down to see my first answer that has a link too.
    1 point
  3. 72(t)(2) clearly states: made on or after the date on which the employee attains age 59½ Since it was a 401K penalty can be avoided if separated from service at time of withdrawal.
    1 point
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