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(Note: the amount withdrawn, layered on top of other taxable income, may move you into a higher tax bracket.)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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Miguel A. Palma, CPA
11840 Dublin Boulevard Dublin, CA 94568
Phone: (925) 307-5454
(408) 295-4963
Fax: (925) 828-4991
cpa@mpalma.com

Miguel Palma is a life insurance agent in California (CA Lic # OD26263.)

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