Thank y’all both for the responses and clarification. I probably could have worded my 3rd question a little more clearly.I agree that if the money stays within an IRA wrapper, the 10% penalty free withdrawal can be made before age 59.5 without the 10% tax penalty.AmericaRocks,
I think the answer to your #3 is no. As long as it stays within an IRA there would be no penalty.
My initial “yes” answer to #3 assumed that the money ended up outside an IRA. In rereading #3, it looks like I might have misinterpreted the question with my initial reading.
Statistics: Posted by AmericaRocks — Wed Aug 07, 2024 12:42 pm