Guest program Posted September 2, 2002 Posted September 2, 2002 I am 591/2 and have a small amount in an ira under 5,ooo. that i have had for 10 years can i take it all or must i take monthly payments?
Mary Kay Foss Posted September 2, 2002 Posted September 2, 2002 There's no penalty on withdrawals once you reach age 59.5. You can take it all at once. Remember you will pay income tax on the entire withdrawal (unless you made some nondeductible contributions). Mary Kay Foss CPA
Guest program Posted September 4, 2002 Posted September 4, 2002 thank you for the info since you are in the next county can you give me a name or three other cpa or cfc in the san jose area that i can contact re: rule 72s for my wife
Mary Kay Foss Posted September 5, 2002 Posted September 5, 2002 Try the following: Roberta Schmalz 408/725-0420; Phil Robinett 408/779-6326: Len Williams 408/736-1566 or Karen Goodfriend 650/833-5900 I'm not sure if they're taking new clients but they all are tax or financial planning experts. Mary Kay Foss CPA
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