Question

At what age can you start withdrawing money from retirement accounts? What’s the penalty for withdrawing money early from retirement accounts? Type the correct answer in each box. Use numerals instead of words. Use / for a fraction bar.

Answer 1

Answer:

1. 59

2. The tax penalty for an early withdrawal from a retirement plan is equal to 10% of the amount that is included in your income. You must pay this penalty in addition to regular income tax.

Step-by-step explanation: