The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Withdrawal Options at 59 1/2||Date: 9/20/2013 2:14 PM|
|Author: Earble||Number: 119174 of 120460|
Earlier this month, I turned 59. So next March I'll turn 59 1/2. (See, my math degree is still worth something.) I'm doing some advance planning, and I have a few questions about withdrawing from retirement accounts.
I retired early two years ago, and am currently withdrawing money monthly from a traditional rollover IRA, doing SEPP via rule 72(t). These will continue for another three years. I also have a Roth IRA and a 403(b) account.
1. Can I withdraw any additional money from the traditional IRA (the one I'm taking SEPPs from) when I turn 59 1/2?
2. Can I withdraw from the Roth IRA or the 403(b) while taking SEPPs?
3. If so, must I wait until the date that I turn 59 1/2 (i.e. 3/5/14), or can I start wihdrawing at the beginning of 2014?
Happy to RTFM if you point me to the proper pubs
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|