Avoid paying the 10% Early Withdrawal Penalty on your IRA for Early Withdrawals

Trying hard to save our retirement until we retire is a challenge. Something may come up where a withdrawal from your IRA may be necessary. Your child's education my tempt you or you aging parent might make it impossible to not to dip into your IRA. Adding up is the Early Withdrawal Penalty that is shrinking your Retirement Plan.

Age is irrelevant; the Income Tax on any IRA distributions is real. On the other hand there is a way around the 10% early withdrawal penalty. You can use an IRA annuity that sets you up to make withdrawals (the size is based on life expectancy tables provided by the IRS) until you are 59 1/2. You have to make withdrawals for a period of five years. You can continue to make withdrawals, or wait, to when you are 70 1/2. At that point you have to start making withdrawals anyway. So it is a Flexible Plan we can help tailor to your needs.

This Attack Plan works very well for people in their 50's who have unusual expenses to meet, but do not want to be forced into withdrawing everything from their IRA before retirement.