IRA distributions may be made with no penalties prior to age 59 ½ if: (1.) Made to a spouse age 59 ½ or more, or
(2.) If actual retirement occurred.

Name: IRA distributions may be made with no penalties prior to age 59 ½ if: (1.) Made to a spouse age 59 ½ or more, or (2.) If actual retirement occurred.
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Question

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the wage earner must generally be 59 ½ years old before a distribution may be made from the IRA account without penalties unless withdrawn as an annuity.

IRA Distributions May Be Made with No Penalties Prior to Age