When are your 59 and one half?
L1: When are your 59 and one half?I began taking SEPP payments in 2003, with an annual payment in February. My birthday is in December, and I just turn 59 in 2010. Am I obligated to take a Feb 2011 SEPP payment because I’m not 59.5 yet? Or, because these are annual payments, can I stop now because I will be 59.5 in May/June?
Thanks.2011-02-02 13:28, By: At59-5, IP: [220.127.116.11]
L2: When are your 59 and one half?As long as you have met the 5-year rule, your can choose to take or not take the 2011 payment.
Should you choose not to take the payment, merely do nothing until the day after your age 59 plus 183 days (59.5).2011-02-02 16:42, By: Gfw, IP: [18.104.22.168]
L3: When are your 59 and one half?Thanks, Gfw –
I jumped the gun and found similar questions after I posted. Good to know the answers match!2011-02-02 17:58, By: At59-5, IP: [22.214.171.124]