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(Note: the amount withdrawn, layered on top of other taxable income, may move you into a higher tax bracket.)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?

$
 
   
   
Michael A. Bonanno, CFP
250 Osborne Road Colonie, NY 12205
Phone: (518) 438-1835 Fax: (518) 438-3168
michael.bonanno@tssimail.com

Michael A. Bonanno is a Registered Representative and Financial Advisor of, and offers securities and investment advisory services through, Tower Square Securities, Inc. (member FINRA/SIPC), a Registered Investment Advisor.

 

Privacy Policy

Privacy Policy