tk01kj
Returning Member

If I do not have a job (thus no W-2) during the tax year that I withdraw from my traditional IRA, then do I not need to pay income taxes on my withdrawals?

Say I decide to retire at age 53 and withdraw at the earliest date I can from my traditional IRA, which is 55. I do not have a W-2 that year, no taxable wages. Then do I not need to pay money when I withdraw from my traditional IRA (since no income taxes that year)?