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(Note: the amount withdrawn, layered on top of other taxable income, may move you into a higher tax bracket.)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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SSB Financial Services
242 N. Michigan Avenue Shelby, MI 49455
Phone: 231.861.6053 Fax: 231.861.2468
james.stovall@LPL.com
LPL Financial is an independent, registered broker/dealer and registered investment adviser.  Member SIPC/FINRAFor a comprehensive review of your personal situation, always consult with a tax or legal Advisor. Neither LPL Financial, nor any of its representatives may give legal or tax advice.