Avoid Penalties on
Early Withdrawals
from Retirement Accounts
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with all the details…
Do you have money locked up in a retirement account that you’d love to get your hands on?
Well, unfortunately, If you’re under age 59 1/2, you typically have to pay a 10% penalty tax on early withdrawals from your accounts.
And this penalty tax is in addition to the regular income-tax you have to pay whenever you withdraw your money from tax-deferred accounts like traditional IRAs and 401(k)s. (Roth IRAs are a somewhat different story.)
But hang on. There IS good news.
As I’ll explain in my new article, there are several exceptions that allow for penalty-free withdrawals before age 59 1/2.
In fact, as a result of the SECURE 2.0 Act, there are now more ways to withdraw money from a retirement account, penalty-free, than ever before!
Let’s check out just some of the exceptions
that let you escape penalties.
- Penalty Exception 1: You Start withdrawing Money
- Penalty Exception 2: You Pay Medical Expenses
- Penalty Exception 3: You Leave Your Job
- Penalty Exception 4: You Die (An unpleasant exception)
- Penalty Exception 5: The IRS Levies on Your IRA
- Penalty Exception 6: You Have Birth or Adoption Expenses
And there are other exceptions too!
So how can you actually put
these penalty exceptions to work for you?
Well, since we’re dealing with the IRS, you can be sure things get complicated and fast.
If you want to know what all this means and how to put the tax code on your side, I suggest you read my new article right now.
I’ll explain all the details and show you how to liberate the money that’s currently locked up in your retirement accounts.
To get the whole story in easy to understand language…
CLICK HERE and read my
completely new article titled:
“Avoid Penalties on
Early Withdrawals
from Retirement Accounts”