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Learn How to Avoid These 6 Common Tax Errors

Knowing how you need to file your taxes depends on your income and filing status, as well as which deductions and credits you can claim. In this free ebook, we share some common errors to avoid.

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Financial Milestone Age 59 ½: Penalties for IRA Withdrawal End

October 10, 2023

Happy Half Birthday! I bet you thought celebrating half-birthdays ended when you exited elementary school. But at age 59 that all changes, and you get to celebrate a half-birthday again.

Once you hit the magical age of 59½, you've unlocked a special privilege: you can start making withdrawals from your retirement plans, possibly without paying a pesky 10% federal income tax penalty. It's like finding a hidden treasure chest! This rule applies to all you savvy folks who have made saving for retirement a priority.

I hope you have a very lovely half-birthday. If you're looking at exercising this option, let's talk.