Free Tax Tips

Question: can anyone direct me in the right path where I can take early ira distributions without paying 10%irs penalty?

I am currently 31 yrs old and would like to start taking annual distributions from my ira, I know that i can by rule72t in the irs guidelines, I am wanting to know which mutual funds or possibly variable annuity would let me take out early distributions using rule72t?

Answer: From what I have read, you must actually quit working to take these penalty free. And then if you start working again, the penalty may be re-assessed at that time.

I would go talk to a tax guy to make sure you have your assumptions correct.

These Money Moves Will Keep Taxes at Bay

There's still time to keep some of your hard-earned cash!

American General Tax Shelter Plan 412i defined benefit plan

Related posts

• Summary of IRS Tax Penalties
• Penalty IRS
• Penalty Abatement IRS
• Paying Federal Taxes
• IRS Trust Fund Recovery Penalty
• IRS Penalty
• IRS Form Ssa 1099