#95 - 10% Penalty

Horizon Advisers Unleashed Podcast

Horizon Advisers Unleashed Podcast
#95 - 10% Penalty
Jan 11, 2023 Episode 95
Ryan Kus, Alex Dinser, and Andrew Hinrichs

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.