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retirement account

Exceptions to the 10% IRA Early Distribution Penalty – Updated for Covid-19

January 20, 2023March 5, 2021 Ryan McInnis
broken money pig

We’re not going to sugarcoat it: 2020 was a tough year. Even the best budgeters and savers found themselves struggling, and many had no choice but to dip into their retirement funds just to survive. Ordinarily, taking early distributions from your retirement plan means paying hefty fees and penalties at tax time. But there’s nothing … Read more

Categories General Tax Advice Tags active duty, early distributions, early withdrawal penalty, higher education expenses, medical expenses, penalty free, retirement account, retirement plan, traditional ira

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