72t
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Take Strategic Look at your Retirement Plan
Before you begin drawing income from your 401k’s, IRA’s, and retirement accounts, make sure its asset allocation is the right one for your new circumstances.72(t)-Take $$$ out of your IRA or 401k penalty free!
I am often asked, “How can I retire early and take money out of my 401k, 403(b),TSA, 457 plan and/or IRA without paying IRS the extra 10% “early withdrawal penalty” because I am NOT age 59 ½ yet?”72(t) | Early Retirement Distributions Penalty Free
72(t) or 72 t is a retirement planning tool for early retirement distributions without an early 10% penalty. 72(t) can be used with 401k, IRA, or retirement