10% penalty for pension?

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sunnylight
Posts: 15
Joined: Mon Nov 28, 2011 3:20 pm

10% penalty for pension?

Post by sunnylight »

IRA, 401K has 10% early distribution penalty, how about RRSP? If distribute before 59 1/2 years old, except the 25% foreign tax withholding, does it need to pay IRS 10% penalty?
nelsona
Posts: 18688
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

No IRS penalty for RRSP distributions.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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