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(Note: the amount withdrawn, layered on top of other taxable income, may move you into a higher tax bracket.)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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Abacus Private Wealth Management
1661 Worcester Road, Suite 104 • Framingham, MA • 01701
Phone: 508-405-1763 • Fax: 781-846-6555
• Kder@cambridgeresource.com

 

Registered Representative, securities offered through Cambridge Investment Research Inc., a Registered Broker/Dealer, Member FINRA/SIPC to residents of NY, CA, MA, NH, GA, CT. Investment Advisor Representative, Cambridge Investment Research Advisors Inc., a Registered Investment Advisor. Cambridge does not offer tax advice.