Permalink Submitted by Alan - IRA critic on Fri, 2013-02-22 16:39
The exact day, not the year. The IRS defines age 70.5 as occurring 6 months after the 70th birthday and it has been assumed that the date for 59.5 is determined the same way, ie 6 months on the calendar and not a certain number of days such as 182 or 183.
Permalink Submitted by Alan - IRA critic on Fri, 2013-02-22 16:39
The exact day, not the year. The IRS defines age 70.5 as occurring 6 months after the 70th birthday and it has been assumed that the date for 59.5 is determined the same way, ie 6 months on the calendar and not a certain number of days such as 182 or 183.