rjs
Level 15
Level 15

Retirement tax questions


@VolvoGirl wrote:

And there is a 10% early withdrawal penalty for under 65. 


@shehires  @VolvoGirl 

The early withdrawal penalty for an IRA applies to withdrawals before age 59½, not 65. The difference doesn't matter to @shehires, who is only 58. I'm just setting the record straight for other people who might read this thread.