With recent changes under the SECURE Act and SECURE Act 2.0, there are more exceptions than ever before to access retirement accounts early without the 10% penalty. While tapping into your retirement account should usually be a last resort, some situations may cause you to consider accessing your money early.

However, qualifying for the exception is only the first step. You must also make sure the exception applies to the type of plan you have, and some expenses must be paid within the same year as the distribution.

To learn more, click here to download “Avoiding the 10% Penalty in 5 Easy Steps.”

Be aware, if you’re planning an early retirement, there may be additional strategies to consider to avoid the 10% penalty once you are ready to take ongoing income.

Have more questions about your retirement account distributions? Contact our office to schedule a time for a visit.