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(Note: the amount withdrawn, layered on top of other taxable income, may move you into a higher tax bracket.)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

$
 
   
   
Minneapolis Financial Consultants, LLC
Jack Benke, CEA Serving: MN, WI, FL ,
Phone: 651-405-9105
Cell Phone: 651-398-3183
Toll Free: 866-639-0212
Fax: 651-452-4307
jtbenke@pro-ns.net

The information provided is not written or intended as specific tax or legal advice.  Individuals are encouraged to seek advice from their own tax and legal counsel. 


 



 

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