Bobby just turned 56 and has retirement savings in an IRA. How many years will he have to wait to be able to withdraw money without penalty?

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09-05-2018
Mathematics

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Bobby just turned 56 and has retirement savings in an IRA. How many years will he have to wait to be able to withdraw money without penalty?

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kanest kanest · Answer 1 · 2018-05-09T22:56:07+02:00

kanest kanest

09-05-2018

The minimum age to withdraw from an IRA without penalty is 59 1/2. Subtract Bobby's age from this required age.

59 1/2 - 56 = 3 1/2

Bobby will have to wait 3 and a half years to withdraw without incurring penalties.

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mountainkitty12 mountainkitty12 · Answer 2 · 2019-01-31T05:35:11+01:00

mountainkitty12 mountainkitty12

31-01-2019

Answer:

3.5 - Apex

Step-by-step explanation:

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