Avoid the 10% Tax Penalty in 5 Easy Steps
Emergencies happen, plans change, and sometimes you just change your mind.
If you’re looking to tap into your retirement account earlier than planned, you may be wondering what type of penalties you could be up against.
For most retirement accounts, if you decide to make a withdrawal before the age of 59½, you’ll face a penalty ranging anywhere from 10%-25% -- and that’s not even considering income taxes!
For professional assistance with your retirement account distributions, contact our office at 703-466-0477 to schedule a time to discuss your needs.
Securities offered through Triad Advisors, Inc. LLC. Member FINRA/SIPC.
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