AMJ Financial Blog

Exceptions to the 10% Early Distribution Penalty

Do you need to withdraw funds from your IRA or company plan, but you’re not yet eligible to do so?

Even though most investors are required to wait until they reach age 59½, there are some special circumstances that can allow you to access your funds while still avoiding the 10% early distribution penalty.

While rules will vary based on the retirement account type, there are key qualifying events, such as a home purchase, higher education, military service, and medical expenses, that may exempt you from early distribution penalties.

To learn if you qualify, click here to download “Exceptions to the 10% Early Distribution Penalty.”

For professional assistance and questions regarding your qualified retirement accounts, 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.

 

 

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