IRA Withdrawals that Escape the 10% Tax Penalty
IRA Withdrawals that Escape the 10% Tax Penalty Sgroi Financial The reason withdrawals from a Traditional Individual Retirement Account (IRA) prior to age 59½ are generally subject to a 10% tax penalty is that policymakers wanted to create a disincentive to use...
Saving Early & Letting Time Work For You
Saving Early & Letting Time Work For You As a young investor, you have a powerful ally on your side: time. When you start investing in your twenties or thirties for retirement, you can put it to work for you. The power of compounding. Many people underestimate it,...
Choices for Your 401(k) at a Former Employer
Choices for Your 401(k) at a Former Employer Sgroi Financial One of the common threads of a mobile workforce is that many individuals who leave their job are faced with a decision about what to do with their 401(k) account.¹ Individuals have four choices with...
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