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Q: Withdrawl social security at any age ( No Answer,   3 Comments )
Question  
Subject: Withdrawl social security at any age
Category: Relationships and Society > Government
Asked by: cfusion-ga
List Price: $4.50
Posted: 06 Apr 2005 21:38 PDT
Expires: 06 May 2005 21:38 PDT
Question ID: 506134
I am looking for a government document that states it's legal to
withdraw social security at any age.
Answer  
There is no answer at this time.

Comments  
Subject: Re: Withdrawl social security at any age
From: pinkfreud-ga on 06 Apr 2005 21:43 PDT
 
Are you speaking of Social Security disability payments?
Subject: Re: Withdrawl social security at any age
From: ssmithfl-ga on 07 Apr 2005 09:53 PDT
 
Do you mean "social security" strictly as the government program, or
are you using it more broadly, such as company pension or profit
sharing plans and/or IRA's as well? In particular, I wonder if you
were thinking of the following:

IRS Rule 72(t)"allows for penalty free, early withdrawals from
retirement accounts. This allows you to begin receiving money from
your retirement accounts before you turn age 59 1/2 without the normal
10% penalty."

http://www.finance.cch.com/sohoApplets/Retire72T.asp

That CCH site also has a calculator you can use to calculate the
withdrawals. This has nothing to do with Social Security, though, as
we now know it. This may help other researchers to pin down your
question a little better, though.
Subject: Re: Withdrawl social security at any age
From: cfusion-ga on 07 Apr 2005 12:49 PDT
 
It's strictly a "government program".  I had seen an article a few years ago
discussing the issue yet I'm not sure of the minimum age or minimum amount
invested.

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