72(t) Calculator: Early withdrawals from retirement accounts?

1 Answer

Answer :

72(t) Calculator: Early withdrawals from retirement accountsThe Internal Revenue Code section 72(t) and 72(q) allows forpenalty free early withdrawals from retirement accounts. Thesesections allow you to begin receiving money from your retirementaccounts before you turn age 59-1/2 without the normal 10%premature distribution penalty. Use this calculator to determineyour allowable 72(t)/(q) Distribution and how it can help fund yourearly retirement. The IRS rules regarding 72(t)/(q) Distributionsare complex. Please consult a qualified professional when makingdecisions about your personal finances. Please note that yourfinancial institution may or may not support all the methodsdisplayed via this calculator.

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