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https://boards.fool.com/im-sorry-if-i-havent-asked-my-question-clearly-30179735.aspx
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| Subject: Re: 59 and a half | Date: 8/1/2012 12:35 AM | |
| Author: gurdison | Number: 116481 of 132129 | |
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I'm sorry if I haven't asked my question clearly enough. I know the general rule is supposed to be 59 1/2. What I am looking to find out is the exact date that the penalty no longer applies. Is it the day one reaches 59 1/2, the day after, the first of the month after that date or some other arbitrary date? I am looking for the date that would make me 100% positive that a withdrawal made around age 59 1/2 will not trigger a 10% additional tax penalty. I am still in the planning stage, but want to nail down this detail so I don't make a costly mistake based on an incorrect assumption on my part. B |
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