The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: IRA and 401(k) Distributions Date:  9/22/1999  1:41 PM
Author:  JDWinNOLA Number:  13999 of 90441

I'm not an accountant or lawyer, but as far as I know there is no limit on what amount you remove once you are over 59 1/2. You can remove 100% on the day you turn 59 1/2. You have to pay income tax, but no other penalty. All the restrictions are on not removing enough after age 70 1/2.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us