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I am currently 58 years old and marrying a woman 51 years old. I know that I can draw from my 401K at 591/2 but will we have to wait until she becomes 591/2 to withdraw from hers are do the two accounts become one?
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Retirement accounts such as 401k's and IRA's are owned by an individual, not by a couple. Your bride must withdraw funds according to her own age.

Now is a good time to review whom you each list as beneficiaries on those retirement accounts. Consider this: if either or both of you has children by a previous marriage, and you list each other as beneficiary of your account, then when the first of you dies, the survivor becomes the owner of both accounts (plus any property or investments you own jointly), and the deceased partner's children may inherit NOTHING (without some careful planning).

With the help of a good estate planning attorney, you can provide for each other's comfort and support while the survivor lives, and still leave to your respective children whatever property you each brought into your marriage. If either of you has children, you need a premarital agreement, a Trust, or both.

I wish you many long happy years together.

Trini
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