Home Contact Us

ADVERTISEMENT

Traditional IRA vs Roth IRA - Yes you can

Posted: Feb 25th, 2023 - 10:08 am In Reply to: Early retirement - MTVet

I think the original question was about retiring early. I assumed age 62 because that is the earliest age people are eligible for Social Security. You are correct that you can start withdrawing funds from a retirement account after age 59.5, but you are still taxed and unless you are still working and making contributions or have a huge balance, it’s not a good idea to start drawing down funds that early. If you stop working that early, there are other considerations, including health care coverage, that need to be made.

ADVERTISEMENT

Post A Reply Reply By Email Options

Use Rich Text Editor with Full Options CLOSE

Edit/Delete Message

Report this message

Complete Discussion Below: (

marks the location of current message within thread)

Anyone with 401K or IRA care to share their - experience (Views: 825, 2023-02-09, 11:03 am)
- Penalty - It is your money (Views: 628, 2023-02-09, 2:05 pm)
- Traditional IRA vs Roth IRA - What We Did (Views: 398, 2023-02-12, 8:36 am)
  - Roth versus traditional - It is your money (Views: 378, 2023-02-12, 9:52 am)
    - To It Is Your Money - From Traditional vs Roth (Views: 473, 2023-02-12, 3:47 pm)
      - Too many rules - It is your money (Views: 331, 2023-02-12, 4:34 pm)
        I Agree - Traditional vs Roth (Views: 317, 2023-02-13, 8:32 am)
  - Early retirement - MTVet (Views: 727, 2023-02-23, 4:37 pm)
    - Traditional IRA vs Roth IRA - Yes you can