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re: Anyone ever withdrawn money from a Simple IRA?
Posted on 5/10/14 at 2:46 pm to saltybulldog
Posted on 5/10/14 at 2:46 pm to saltybulldog
Taxes + 10% penalty early withdrawal + account close out fee perhaps + potential investment expense like a surrender charge or back end sales load.
25% penalty early withdrawal if account was less than a couple years old.
25% penalty early withdrawal if account was less than a couple years old.
1
Posted on 5/11/14 at 10:23 am to Breadcrumbs
Breadcrumbs is right. I have a Simple and it's 25% if taken out in 2 years. After that 10% plus taxes before 59.5.
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