10 WAYS TO AVOID RETIREMENT EARLY WITHDRAWAL PENALTIES
17 OCT 2016

Posted by robbie Categories: BLOG Comments: Post closed for comments

10 WAYS TO AVOID RETIREMENT EARLY WITHDRAWAL PENALTIES:

  • ATTAIN AGE 59 1/2
  • PAYMENT OF MEDIAL EXPENSES EXCEEDING 10% OF ADJUSTED GROSS INCOME
  • UNEMPLOYED FOR >12 CONSECUTIVE WEEKS AND PAY HEALTH INSURANCE
  • PAY FOR COLLEGE (TUITION, FEES, SUPPLIES; ROOM & BOARD IF HALF TIME)
  • 1ST TIME HOME PURCHASE
  • DISABILITY
  • MILITARY (ACTIVE DUTY > 179 DYS)
  • SET UP ANNUITY (SPECIFIC IRS DISTRIBUTION RULES)
  • WITHDRAW FROM ROTH IRA
  • 401(K) DISTRIBUTION IF YOU LEAVE JOB AT AGE 55 OR OLDER
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