How To Avoid 10% Early Withdrawal Penalty

Save
3 years ago
41

If you need to access your IRA after turning age 59.5, you are able to do so and pay the taxes on your withdrawal without penalty. However, what if you need to access your funds before that age? What are the exceptions to the 10% early withdrawal penalty when taking IRA withdrawals prior to age 59.5? We'll share them and some changes to this list during this episode of the Wise Money show.

Season 7 Episode 37

Have a question for the show? Call or text 574-222-2000 or leave a comment!

Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898.

Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show

Be sure to stay up to date by following us!
Facebook - https://www.facebook.com/WiseMoneyShow ​
Instagram - https://www.instagram.com/wisemoneyshow/ 
Twitter - https://twitter.com/WiseMoneyShow ​

Want more Wise Money™?
Read our blog! https://www.korhorn.com/wise-money-blog ​
Listen on Podcast: https://link.chtbl.com/WiseMoney ​
Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow

Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC.  Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Intro: (0:00) 
Segment 1: (0:11) 
Break 1: (9:27) 
Segment 2: (14:41) 
Break 2: (23:57) 
Segment 3: (26:06) 
Break 3: (35:24) 
Segment 4 (37:29) 
Outro: (50:28)

Loading comments...