AmyC
Expert Alumni

Retirement tax questions

1. Probably but better to check. You are over 59 1/2 so it is a reasonable assumption but there are always little catches.  Pages 13 and 14 of Pub 36 have all the limitations between periodic payments, lump sum, and other details. 

 

2. Yes, once you have the money, you can do whatever you want with it.

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