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Does qualifying for retiree health benefits mean I’m entitled to take distributions from my retirement accounts without penalty?

April 26, 2017distributions entitled health benefits I’m mean penalty Qualifying retiree retirement accounts

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Does qualifying for retiree health benefits mean I’m entitled to take distributions from my retirement accounts without penalty?

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A. No. Retiree health benefits and your retirement savings plans are two separate things. Regardless of when you retire, you must follow IRS rules on the proper timing of retirement fund distributions (withdrawals). Consult a tax professional or your retirement company (Calvert, Fidelity, TIAA-CREF) before taking a distribution.