Join Early Retirement Today
Thread Tools Search this Thread Display Modes
59 with question about Roth IRA withdrawals
Old 09-23-2007, 06:17 AM   #1
Dryer sheet wannabe
Den26's Avatar
Join Date: Jun 2007
Posts: 23
59 with question about Roth IRA withdrawals

Hello, I have just turned 59, and need info about beginning withdrawal of my Roth IRA. Can I start taking funds out at EXACTLY 59 1/2, without paying income tax or a penalty on any of it? My plan is to take equal monthly payments until I turn 62, and then begin Social Security.

Den26 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-23-2007, 06:30 AM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 39,206

As you might expect, the answer to your question is "it depends".

You might want to check out "Rules for distributions and withdrawals from Roth IRAs" over at

Numbers is hard.

Retired in 2005 at age 58, no pension

REWahoo is offline   Reply With Quote
Old 09-23-2007, 08:45 AM   #3
Dryer sheet wannabe
Den26's Avatar
Join Date: Jun 2007
Posts: 23
Thanks. There's a lot of information at that site that I didn't know about.
Den26 is offline   Reply With Quote


« Hi | I'm obsessed »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Can I max out my Roth IRA, Trad. IRA, and SIMPLE IRA? thefed FIRE and Money 9 09-24-2007 04:52 PM
IRA to Roth Conversion - related question on taking SS later megacorp-firee FIRE and Money 15 05-25-2007 06:43 PM
Traditional IRA to Roth Conversion Question Dog FIRE and Money 5 03-10-2007 09:53 PM
Yet another question about Roth IRA tomz FIRE and Money 8 02-08-2007 02:19 PM
Stupid Roth IRA Question 2B FIRE and Money 2 01-09-2007 04:34 PM


All times are GMT -6. The time now is 06:33 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.