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June 1, 2019
Question

Is my SSDI Award letter sufficient for proof of disability for withdrawal before 59 1/2 of Roth IRA? I was awarded SSDI in 2015. I am currently 57 years old.

  • June 1, 2019
  • 1 reply
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1 reply

macuser_22
Employee
June 1, 2019

Maybe-maybe not since you must have a permanent and total disability for the exception.

You have a permanent and total disability if you can't engage in any substantial gainful activity because of your physical or mental condition. A qualified physician must certify that the condition has lasted or can be expected to last continuously for 12 months or more, or that the condition can be expected to result in death.

Substantial gainful activity.   Substantial gainful activity is the performance of significant duties over a reasonable period of time while working for pay or profit, or in work generally done for pay or profit. Full-time work (or part-time work done at your employer's convenience) in a competitive work situation for at least the minimum wage conclusively shows that you are able to engage in substantial gainful activity.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**