First time 59 1/2 distributions
client will be 59 1/2 on March 22, 2013; does he have to wait until the actual date before taking a penalty free distribution from his IRA or can it be done at any point in the year that the client turns 59 1/2?
client will be 59 1/2 on March 22, 2013; does he have to wait until the actual date before taking a penalty free distribution from his IRA or can it be done at any point in the year that the client turns 59 1/2?
Permalink Submitted by Jose Morales on Fri, 2012-12-14 17:37
they must wait until at least the day that they actually attain the age of 59 1/2