I ' m Happy With My Retirement Accounts. Can I Use Rule 72(t) to Retire Early?

Tapping into your retirement savings before age 59.5 typically triggers a 10% early withdrawal penalty in addition to the income taxes you'll owe. Using Internal Revenue Service Rule 72(t) can help you generate income from your nest egg in your 50s or earlier without paying that penalty. If you…#sepps #sepp #noneamortization #noneannuity #rmd #noneonce #nonecertain #nonesmartasset #retireearly #smartreads

Source: Reuters: Health - February 25, 2024 Category: Consumer Health News Source Type: news