it a person becomes disabled can they take a early with drawal from their ira without paying all those taxs?

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2007-01-29 02:57:50 · 2 answers · asked by fishingman22000 1 in Business & Finance ➔ Personal Finance

There is a law for that and it is rule 702t. Call your tax adviser and he can walk you through the process.

2007-01-29 03:18:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Disability distributions are an exceptiion to the 10% early withdrawal penalty. You would still pay income tax onthe amount withdrawn.

2007-01-29 03:58:14 · answer #2 · answered by waggy_33 6 · 0⤊ 0⤋