AMJ Financial Blog

Avoid the Tax Penalty

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!

Click here to download “Avoiding the 10% Penalty in 5 Easy Steps.”

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.

The information provided for informational purposes only, and does not constitute an offer, solicitation, or recommendation to sell or an offer to buy securities, investment products or investment advisory services. All information, views, opinions, and estimates are subject to change or correction without notice. Nothing contained herein constitutes financial, legal, tax, or other advice. These opinions may not fit to your financial status, risk and return preferences.

 

Previous Post | More Recent Post