If you are a reservist* and have been mobilized onto Active Duty, you may be eligible to take money out of your qualified retirement plan without incurring the normal IRS penalties associated with an early withdrawal.
It is always a jarring time for you and your family when you get notified that you will be deploying. As your mind races about your job, your family, and your mission, it can seem like there are thousands of things for you to do, and often there actually is! A deployment can also be a time of opportunity, for you personally and financially. One of the benefits afforded to you as a servicemember deployed to a combat zone is that the income you earn as a member of the military in the combat zone is excluded from income taxes (you still pay social security and medicare taxes). The tax-free
by John Cooney on Apr 28, 2017
While part of the job when you serve in the military, deployments can be incredibly stressful. They are stressful on the person deploying and stressful on those family members staying stateside.