Archive for the ‘IRA Rollovers’ Category

Rollover Ira Penalties

Question: Can I still withdraw money from my Rollover IRA thru section 72(t) of tge IRS, even if I continue working?

Need the money, don’t need the penalty
I am only 56 now

Answer: Yes.

If you take distributions under Section 72t it doesn’t matter if you are still working. There will be no penalty.

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