Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 06-09-2010, 02:06 AM   #21
Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,012
Originally Posted by MasterBlaster View Post
What's significant about age 59.5 ? If you are concerned about penalty-free IRA withdrawals, then learn about and consider 72-t (tax free) IRA withdrawals. That just may be an attractive option for you.
72-t is penalty free, not tax free (i.e. any 72-t WD is treated as regular income for tax purposes)

jdw_fire 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 06-09-2010, 08:03 AM   #22
Thinks s/he gets paid by the post
MasterBlaster's Avatar
Join Date: Jun 2005
Posts: 4,360
72-t is penalty free, not tax free (i.e. any 72-t WD is treated as regular income for tax purposes)
You are so right. The second part of the post is indeed incorrect. Thanks for pointing that out.

MasterBlaster is offline   Reply With Quote

cash reserves

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
So, do you feel your age? Act your age? Like your age? vickko Life after FIRE 84 04-10-2010 01:47 PM
When you get to be my age... Westernskies Other topics 29 12-12-2009 05:37 PM
When you buy a car, what age or age range do you usually buy? cloudeleven Other topics 21 05-27-2008 08:20 AM
What is your age and AA? Tiger FIRE and Money 56 05-13-2007 11:34 AM


All times are GMT -6. The time now is 03:52 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.