If you have an urgent situation – educational expenses, medical bills, a new house – it’s tempting to take an early withdrawal from your retirement account. But, before you do, think about the true impact the decision will have on your finances. What happens when you take money out of your 401(k), IRA, or other retirement account before you reach age 59 ½? Taxes An early distribution from a … [Read more...] about How Much Does an Early Distribution Really Cost?
Home >> early distribution