All posts by: Carolynn Cross

ira first time home buyer

Your Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals – First Time Homebuyers Exemption

We show how first time home buyers can withdraw from their IRA to purchase a home.

Jul 20, 2017

Continuing in our series on exceptions to the 10% withdrawal penalty, we identify qualified first-time homebuyers as another exception. Rules This exception applies to IRAs only.  Employer Qualified Retirement plans are...

Read more
Substantially Equal Periodic Payments

Your Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals – Using Substantially Equal Periodic Payments

Continuing in our series on exceptions to the 10% withdrawal penalty, we highlight Series of Substantially Equal Payments (SEPP).

Mar 14, 2017

Continuing in our series on exceptions to the 10% withdrawal penalty, we identify series of substantially equal payments (SEPP). How It Works If distributions are made as part of a series...

Read more

Your Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals. The Qualified Education Expenses Exemption

How to avoid paying the 10% penalty on Retirement Savings Withdrawals. The Qualified Education Expenses Exemption.

Nov 22, 2016

Continuing in our series on exceptions to the 10% withdrawal penalty on retirement savings, we highlight how to take advantage of the exemption for qualified higher education expenses.* Eligibility Qualified education...

Read more
qualified domestic relations order

Your Money. Your Terms – How to Avoid Paying the 10% Penalty on Retirement Savings Withdrawals – Part 1 QDRO

Avoid Paying the 10% Penalty on Retirement Savings Withdrawals with a Qualified Domestic Relations Orders (QDRO). Applies to IRAs and tax reporting.

Sep 27, 2016

Using a QDRO to Withdraw Retirement Savings without a 10% Penalty There are numerous exceptions to the 10% penalty on retirement savings. In this series, we will help educate consumers on...

Read more
Early Withdrawal Penalty

Five Ways to Withdraw Your Retirement Savings Early – Part 5

Exceptions to 10% penalty on early distributions from retirement accounts. Includes beneficiary distributions, Inherited Qualified Plan Assets & IRA Assets.

Aug 16, 2016

Use Beneficiary Distributions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty. There are numerous exceptions to the 10% penalty on early distributions from retirement accounts. ...

Read more

Five Ways to Withdraw Your Retirement Savings Early – Part 3

Educate on age-based exceptions to 10% penalty on early distributions from accounts. Permissible withdrawals and Eligible Automatic Contribution Arrangements. 

Apr 26, 2016

Use permissible withdrawal exemptions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty. Continuing in our series on exceptions to the 10% early withdrawal penalty, we identify permissible...

Read more
Hammer piggy bank

Early Withdrawal Penalty Exceptions Series – Part 3

Educate on age-based exceptions to 10% penalty on early distributions from accounts. Permissible withdrawals and Eligible Automatic Contribution Arrangements.

Apr 26, 2016

Early Withdrawal – Permissible Withdrawals Continuing in our series on exceptions to the 10% early withdrawal penalty, we identify permissible withdrawals as another exception. The Pension Protection Act of 2006 (PPA),...

Read more
IRA penalty age

Five Ways to Withdraw Your Retirement Savings Early – Part 2

We educate consumers on the lesser known age based exceptions to the 10% penalty on early distributions from retirement accounts. Includes Age 59 ½, Public Sector Employees, Retirement and 1099 Reporting.

Apr 12, 2016

Use age-based exemptions to withdraw from your retirement savings before age 59 1/2 without a 10% penalty. With the second installment in our series outlining exceptions to the 10% withdrawal penalty, we...

Read more
59 Birthday cake

Early Withdrawal Penalty Exceptions Series – Part 2

We educate consumers on the lesser known age based exceptions to the 10% penalty on early distributions from retirement accounts. Includes Age 59 ½, Public Sector Employees, Retirement and 1099 Reporting.

Apr 12, 2016

Early Withdrawal 10% Penalty Exception – Age With the second installment in our series outlining exceptions to the 10% withdrawal penalty, we will discuss how to avoid the early withdrawal penalty...

Read more