LinaJ2020
Expert Alumni

Retirement tax questions

 

 

If you are referring to an early distribution penalty, the answer would be No.  

 

Since you are older than age 59.5, you will be not subject to 10% from early distribution penalty.  However, you will still be taxed at your normal tax bracket as part of your taxable income.

 

@tm0330

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"