Can I take money out of my IRA and not receive penalty if I am over 59 1/2 but husband is 58?

lodoherty · ‎June 4, 2019

MinhT · ‎June 4, 2019

Yes, if the IRA is your name and you are aged over 59 1/2, there is no early withdrawal penalty. Your husband's age does not matter.

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MinhT · ‎June 4, 2019

Yes, if the IRA is your name and you are aged over 59 1/2, there is no early withdrawal penalty. Your husband's age does not matter.

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lodoherty · ‎June 4, 2019

will i have to file separate or can i still file married, will tt form know that it is my IRA?

fanfare · ‎June 4, 2019

turbotax will know if you enter it correctly.

MinhT · ‎June 4, 2019

You can file jointly. When entering your form 1099-R, you can specify to which spouse it belongs to.

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