Members of the military reserves also can receive early IRA distributions without penalty. To qualify, the following conditions must be met.
- You were ordered or called to active duty after Sept. 11, 2001.
- You were ordered or called to active duty for a period of more than 179 days or for an indefinite period because you are a member of a reserve unit.
- The distribution is from an IRA or from an elective-deferral plan, such as a 401(k) or 403(b) plan or a similar arrangement.
In addition, the early distribution cannot be taken before you received your orders or call to active duty or after your active-duty period ends.
Personnel eligible for this early withdrawal exception include members of the Army or Air National Guard; the Army, Naval, Marine Corps, Air Force or Coast Guard Reserves; and the Reserve Corps of the Public Health Service.