Retire Early Without Penalty? Unbelievable Insights into Rule 72(t)
Are you considering an early retirement but worried about the financial implications? Rule 72(t), a provision in the tax code, might be your solution. This rule allows for early withdrawals from retirement accounts like IRAs and 401(k)s without the usual 10% penalty. However, it’s essential to understand the specifics and limitations of this rule to make an informed decision. The Mechanics of Rule 72(t) Rule 72(t) stipulates that you can take Substantially Equal Periodic Payments …