Archive for October 2018

Avoiding the 10% Penalty in 5 Easy Steps

What is the 10% penalty? A 10% early distribution penalty applies to taxable distributions made before age 59 ½. Distributions made after age 59 ½ are not subject to the 10% early distribution penalty. Exceptions: Exceptions apply for withdrawals from company retirement plans for individuals who separate from service at age 55 or older, and…

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