Financially Simple
How to Retire Before Age 59.5 and Not Pay The 10% Penalty
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:19:43
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Sinopsis
In episode 159 of Financially Simple, Justin looks at several ways to withdraw money from your retirement funds before you're 59.5 years old. If you're needing to dip into your retirement funds before your actual retirement, or even before the 59.5 years old limit, you could incur a 10% penalty on the amount you withdraw. But, there are ways to get around paying that 10%. Justin goes over 10 ways that you can get the money you need from your retirement accounts without paying penalties. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! TRANSCRIPTION: BLOG: Can You Avoid the 10% Early Retirement Penalty? 10 Possible Ways TIME INDEX: 01:07 - How Do I Take Income From My Retirement Accounts if I retire Before Age 59.5 Without Paying The 10% Penalty? 04:06 - The 59.5 Rule 04:48 - IRA Withdrawal for Medical Expenses 06:31 - IRA Withdrawal to Pay for Health Insurance 07:50 - IRA Withdrawal for a 1st Time Home Purchase 08:35 - If You Are Disabled 09:06 - The