72T Retirement Tax Penalties?

Answer Internal Revenue Service (IRS) rule 72(t) refers to the early distribution rule for qualified retirement plans. This tax penalty imposes a 10 percent penalty on any amounts withdrawn from your reti... Read More »

Top Q&A For: 72T Retirement Tax Penalties

What if they wouldn't approve your retirement after 30 years service in the Air Force and left with an honorable discharge can you still apply for a retirement?

There Military can not deny your retirement. If you put in your 20+ years and did not leave the military under bad terms then you should be receiving a pension.

Do social security disability payments received before normal retirement age reduce social security retirement payments at normal retirement age?

Indemnity plans do not have to pay the hospital or doctor. Indemnity plans are designed to indemnify either the insured or the provider. That means if you have services that cost 20,000.00 dollars ... Read More »

IRS IRA Penalties?

According to Investopedia,(an online resource for individual investors owned by Forbes Digital) Individual Retirement Accounts (IRAs) are an investing tools used by individuals to earn and earmark ... Read More »

What are the penalties for a third DUI?

An individual's third DUI (driving under the influence) offense is often accompanied by strict penalties. They vary a little state by state; however, the penalties are fairly common and may become ... Read More »