BASKING RIDGE, NJ- Do you want to access money from your retirement accounts but aren’t sure of the true costs involved?

As vehicles designed for saving for retirement, most retirement accounts have a set age requirement you must reach before making penalty-free income distributions. The age requirement is usually 59 1⁄2 but is sometimes as early as age 50. This means that, if you decide to access your accounts earlier, you could face penalties ranging from 10%–25%—and that’s not even considering the income taxes you will also owe!

To learn the essential rules and restrictions on accessing your retirement accounts before full retirement age, click here now.pdf