Is there a tax penalty to withdraw my money?

  1. NO, if:
    1. In all situations, the distribution occurs after age 59 ½.
    2. You have terminated employment in the year in which you are age 55 or older.
      1. This exception applies only to the distribution of account balances of plans in which termination of employment occurs at age 55 or older.
    3. You take your distribution as a series of “equally periodic distributions” for a period not less than 5 years AND through to your age 59 ½ or older.
  2. YES, in all other circumstances.