Im 59 this year. Think Ill take mine and put it under the mattress.
But will you be 59 1/2 this year? That's how old you must be to withdraw without paying the 10% penalty.
If you are not 59 1/2 before the "Bush tax cuts" expire on Dec. 31, 2012, you will pay more in taxes in 2013 on your withdrawal.
posted on 04/22/2012 8:23:07 PM PDT
(Romney vs. Obama? One of them has to lose, rejoice in that fact, whichever it is.)
Thanks. I’ll be 59.5 next month.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson