Should I be considered an early retiree? I am 74 & am; on Social Security. Should my withdrawals be considered early withdrawals?

catlover-100 · Apr 30, 2020 7:19:57 PM

Your answer states "If you withdraw money from a qualified retirement plan or IRA before reaching age 59½, you'll have to pay:- A 10% penalty, and Regular income tax on money withdrawn"

Your answer states "If you withdraw money from a qualified retirement plan or IRA before reaching age 59½, you'll have to pay:- A 10% penalty, and Regular income tax on money withdrawn"

posted

Your explanation "ff you withdraw money from a qualified retirement plan or IRA before reaching age 59½, you'll have to pay a penalty. -- A 10% penalty, and
-- Regular income tax on money withdrawn