Ryan K., Andrew and Ryan H. discuss the IRS 10% penalty on early distributions from qualified retirement accounts. Is the rule unfair? Most Americans save majority of their retirement nest egg into these kinds of accounts. Understanding the consequences of distributing money from these accounts pre 59 ½ is very important. There are several exceptions to the rule that you should understand before making any sort of withdrawal. Listen in to learn more.
Financial Advisor offering securities and advisory services through Cetera Advisor Networks LLC, member FINRA/SIPC, a broker/dealer, and a Registered Investment Adviser. Horizon Advisers is not a subsidiary of nor controlled by Cetera. Tax services are provided by Horizon Advisers. Cetera Advisor Networks does not provide tax services. Tax and accounting services provided by Horizon Advisers CPA. Cetera Advisor Networks does not provide tax nor accounting services. 5455 Corporate Dr. Suite 306 Troy, MI 48098