If I am 59 1/2 in the tax year do I pay a penalty

posted

Connect with an expert

1 Reply

If I am 59 1/2 in the tax year do I pay a penalty

No. If you took an early withdraw after you turned 59 1/2 then you would not pay a penalty.

Age after participant/IRA owner reaches age 59½

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

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post