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In Response to RE: April Fools and Taxes! by patvar
My husband died suddenly and totally unexpectedly at age 53, 8 years ago. I walked in and found his body. This is the kind of experience one never gets over. I know a widow can take her own or (part?) of her husband's SS, But I never heard of receiving it earlier than age 62. ***..There is one important thing though, that most folks DON'T KNOW. If you have a (hopefully sizable) traditional IRA, you can start taking the money out at any age, as long as you continue until you are age 59-1/2. At that point, you can stop taking money out, or continue. I started at 50, and so did my husband. No penalties are attached. There are a few other rules that apply. You can look them up. This is called SEPP, or Substantially Equal Periodic Payments. They are based on average life expectancy for your age. When I turned 60 I stopped taking money out, in order to let my IRA start to grow again.Now I live on my investments and haven't decided when to start taking SS (probably my own, since I worked in our small software company right along with Bob). I'm in good health and don't need extra money now.