Tax Consequences of Taking Money Out of My IRA After Age 59½

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What Are the Tax Consequences of Taking Money Out of My IRA After Age 59½?

There will be no IRS penalty taxes, but you must pay ordinary income tax on the amount received, less any non-deductible contributions. Consult your tax advisor for more information about taxation of distributions.

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Updated: Tuesday, December 04, 2007 12:05:44 AM Eastern

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