Retirement Plan Early Distribution  

If you take an early distribution from your tax-deferred account how much will you have remaining after paying income taxes and penalties?

The tax-deferred account may be a 401(k) plan, your Individual Retirement Account (IRA), Profit sharing Plan, or other tax-deferred savings account.

     


What will your marginal tax rate be after making the withdrawal?
(Note: the amount withdrawn, layered on top of other taxable income, may move you into a higher tax bracket.)

What is the amount you plan to withdraw from your tax-deferred account?

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Dixie L. Powell & Co. - Rock Solid Planning
635 17th Street Vero Beach, FL 32960
Phone: 772-778-8006 Fax: 772-778-0604
info@dixiecpa.com

Dixie L. Powell, CPA, CFP® is a registered representative registered to transact business with clients in Florida. Dixie L. Powell, CPA, CFP® is advisory licensed in the Florida. Dixie L. Powell, CPA, CFP® is also an insurance agent licensed in Florida. If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet. Securities offered through H.D. Vest Investment ServicesSM, Member: SIPC, Advisory Services offered through H.D. Vest Advisory Services SM, 6333 North State Highway 161, Fourth Floor, Irving, TX 75038, 972-870-6000.

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