from IRS "Generally, the amounts an individual withdraws from an IRA or retirement plan before reaching age 59½ are called ”early” or ”premature” distributions. Individuals must pay an additional 10% early withdrawal tax unless an exception applies"

If you're only 59 ¼ then you're not 59 ½ and the penalty will apply, but anytime in the year AFTER turning 59 ½ then no penalty.

Fancy fractions!:+1:

That's why Lisa has that fancy £. :smile:

Darn! I thought her name was poundisa?