The speaker covers a few rules which will allow individuals to avoid early distribution penalties for withdrawing funds from their IRA plan. He covers the specific cases where this exemption can be made.
To prevent investors from depleting their retirement savings, the IRS imposes a penalty of 10% for making any withdrawals or distributions from your retirement plans before you reach the age of 59.5. There are, however, exceptions to every rule it seems when it comes to the tax code. With this article, we will cov