There are many reasons why we may be tempted to withdraw money from our Retirement Plans earlier than the date the plan indicates.
Before you take the leap, however, it's important that you are crystal clear on all the implications, especially the effect on federal and state income taxes. There may also be possible tax penalties.
We're hear to help you understand how this affects your bottom line, and clarify the consequences of early withdrawals so that you make your decision wisely.
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It is important to plan for the taxes, along with the distributions. We will be happy to discuss your particular situation with you.
Louri Rivero Borr is a CPA licensed in both NJ and NY, with over 25 years of experience. The firm can provide you with unparalleled accounting services, provide tax services and advice, and perform audits, reviews or compilations.
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