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 with

Question

aliya0001 [1]

3 years ago

13

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 with

out penalty?

Mathematics

2 answers:

AfilCa [17] · Answer 1 · 2022-03-10T04:46:42+03:00

AfilCa [17]3 years ago

8 0

Answer:

3.5 - Apex

Step-by-step explanation:

Dovator [93] · Answer 2 · 2022-03-10T03:31:59+03:00

Dovator [93]3 years ago

7 0

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.