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Tucson Social Security Disability Blog

If You Are Disabled, You Can Withdraw IRA Money Early

Posted by John Kuhnlein | May 16, 2019 | 0 Comments

As a general rule, you cannot get access to your pre-tax retirement accounts before age 59.5. If you do withdraw funds before that age from an IRA, SIMPLE, SEP, or another such plan, the IRS will hit you with a 10% penalty.

No Penalty Means More Money For You

Being Disabled Changes The Rules

If, however, you are totally and permanently disabled, you can withdraw money from these retirement accounts without paying the penalty. One good way to establish your disability is a finding by Social Security that you can no longer work. Keep in mind that this means only that you will not pay the 10% penalty. Your

withdrawals will still be subject to income tax, the same as if you had waited until age 59.5 Note, too, that different rules apply to Roth IRA's.  

Consider Early Withdrawals If Your Life Expectancy Has Shortened

If Social Security has found that you are disabled you may wish to talk with your financial advisor about tapping your retirement accounts before age 59.5. This is especially true if your disabling condition is likely to shorten your life expectancy.

Talk To A Financial Advisor Before Making Any Moves

I Advise You Get Oversized Coins

I cannot give financial advice, so please do not make any decisions based on this post. But, keep this in mind if you are disabled and have money in a retirement account that you need before reaching the usual age to begin withdrawals.

About the Author

John Kuhnlein

Since 1992, I have been helping the people of Southern Arizona get the benefits they are due. Before devoting all my efforts to assisting people with Social Security disability claims, I also handled such complex lawsuits as medical malpractice and products liability. I brought to my Social Security cases all the skills and attention to detail that I developed in the courtroom. I approach each Social Security disability case as if it were a million-dollar lawsuit. For the people trying to get Social Security benefits, their claim is every bit as important. Because I have personally handled so many Social Security cases, I have refined the skills I need to win your case for you. I have helped people win cases for every kind of ailment from arthritis to valley fever. At present, I am focused on helping those persons with neurological and orthopedic disorders. Because claims for people over age fifty bring additional complications, I particularly seek out those cases to work on. I regularly write about back and spine conditions on my blog. I actively seek out the latest information about orthopedic and neurological disorders to ensure I can represent my clients as effectively as possible. Because of my current focus, I regret that I am not able to take any cases for mental disorders. If you are over age fifty and suffer from any orthopedic or neurological disorder, please contact me at once.


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About Our Firm

John Kuhnlein has been assisting people with Social Security disability claims for the past 25+ years.

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Feel free to call with any questions or concerns you have about Social Security disability. I never charge for a consultation. In fact, there is no charge at all until we win your case. Unlike most lawyers, I never charge extra for things like telephone calls or making copies.