59-1/2 withdrawal
In order to avoid the 10% penalty on early withdrawals from an IRA can you withdrawal money at the beginning of the month you turn 59-1/2 or does it have to be the exact day you turn 59-1/2?
In order to avoid the 10% penalty on early withdrawals from an IRA can you withdrawal money at the beginning of the month you turn 59-1/2 or does it have to be the exact day you turn 59-1/2?
Permalink Submitted by Alan - IRA critic on Wed, 2017-06-28 15:52
The exact day. The date would be exactly 6 calendar months after 59th birthday.