montanaholtry montanaholtry
  • 09-05-2018
  • Mathematics
contestada

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 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
  • 31-01-2019

Answer:

3.5 - Apex

Step-by-step explanation:


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