Greetings, Arahfool, and welcome. You asked:On a joint account, do both joint owners have to be 59.5 to avoid the 10% early withdrawal penalty?I think you are confused. There is no such thing as a "joint account" in an IRA or a qualified retirement plan. The "I" in IRA stands for "Individual," so there is only one owner, and that owner is the one who must be 59 1/2 to avoid the early withdrawal penalty in the absence of any distribution exception such as "substantially equal periodic payments (SEPP)."Regards..Pixy
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