I need to withdraw money from a Traditional IRA account that was created and funded decades ago. IRS rules say you must be at least 59.5 yrs old and have held the account for five years to withdraw money penalty-free. I'm 65 so the first rule is satisfied. About the 2nd rule that the money must have been in the account for more than 5 years, does Vanguard or Fidelity provide that data to the IRS in the tax form at the end of the year ? I haven't kept paper copies of the Vanguard statements, unfortunately. Assuming that such data is available, will it go to the new firm if the account is transferred to another brokerage firm?
[Edited to remove "tax-free"]
[Edited to remove "tax-free"]
Statistics: Posted by rtt22 — Thu May 23, 2024 1:10 pm — Replies 5 — Views 248