Avoiding the penalty on early retirement plan withdrawals | Echo Press

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Avoiding the penalty on early retirement plan withdrawals

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The money that you've built up in a retirement savings account can look awfully tempting at times, particularly in an uncertain economy. If you feel you have no choice but to withdraw from a retirement account, you may find that it's a costly option because of the potential taxes and penalties involved. The Minnesota Society of CPAs (MNCPA) explains the price you'll have to pay and how the exceptions to the rules work.


A double whammy

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