IRA Withdrawal
I have a client who – mistakenly – took an IRA distribution three days prior to officially turning 59 1/2. Birthdate: 06/13/1948. Withdrawal date: 12/10/2007. Does she have any recourse to the premature withdrawal penalty? Any feedback is much appreciated.
Permalink Submitted by Denise Appleby on Fri, 2008-04-04 14:36
Not unless she qualifies for [url=http://www.retirementdictionary.com/earlydistributionpenaltyexception.ht… exception[/url]to the early distribution penalty.