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pension, 10% penalty?

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Bybonusmon

L1: pension, 10% penalty?I will be 52 in August and will be receiving a pension in a couple of months of 22,700. I am taking level balancing and it will drop once social security kicks in at age 62. Do I have to pay a 10% penalty? Also will be taking a 72t on my IRA to prevent having to pay the 10% penalty. Thanks, Rick2003-02-18 08:33, By: bonusmon, IP: [127.0.0.1]
L2: pension, 10% penalty?There is no penalty on the pension distribution but it is considered taxable income.2003-02-18 14:37, By: Jay, IP: [127.0.0.1]

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