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Should you retire before age 59 1/2 - what the U.S. tax code generally deems to be retirement age - you could face ugly tax hits when tapping tax-favored retirement accounts. You'll face an income tax hit (federal and maybe state, too) plus a 10% premature-withdrawal penalty. Sadly, it's not always possible to get around the federal income tax hit. But it is often possible to avoid that 10% penalty - provided you plan ahead. This paper explains three ways to do it.
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