Save time with our cheat sheets, fact sheets, checklists & books!

February 17, 2009

59 and a Half (Age) / 59 1/2



6-months after the 59th anniversary of an individual’s date-of-birth.

The significance of age 59 ½ is that distributions taken as of that age are not considered early distributions.

Distributions taken before the retirement account owner reaches age 59 ½ are considered early distributions and are subject to the early distribution penalty unless an exception applies


Referring Cite

Treas. Reg. 1.401(a)(9)-2, Q&A 3, as it relates to six months after the anniversary date of the birth

Additional Helpful Information

An individual attains age 59½ as of six calendar months after the 59th anniversary of the individual’s birth date. For example, if an individual’s date of birth was June 30, 1950, the 59th anniversary of such individual’s birth is June 30, 2009.  Such individual attains age 59½ on December 30, 2009.


Keep Learning

Applicable RMD Age

Applicable RMD Age The first year for which an IRA owner or plan participant must begin to take RMDs from their tax-deferred retirement account. RMDs

SIMPLE 401(k) Plan

Definition A SIMPLE 401(k) plan is a 401(k) plan established by a small business for it’s employees. Earnings accrue on a tax-deferred basis and distributions

Required Minimum Distribution (RMD)

Definition The minimum amount that must be withdrawn from retirement accounts, including qualified plans, 403(b) accounts, 457(b) accounts or IRAs, each year.  For retirement account

Required beginning date (RBD)

Definition The date by which a retirement account owner must begin distributing required minimum distribution (RMD) amounts from a Traditional,  SEP or SIMPLE IRA, a

Be among the first to know when

IRA Rules