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(Note: the amount withdrawn, layered on top of other taxable income, may move you into a higher tax bracket.)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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Progressive Financial Planning Services, Inc.
10412 S. Cicero Ave. • Oak Lawn, IL • 60453
Phone: 708-422-3711 • Fax: 708-422-5727
www.progressivefinancial.net • bob@progressivefinancial.net

Advisory Services offered through Investment Advisors, A Registered Investment Advisor and division of ProEquities, Inc.  Securities offered through ProEquities, Inc., a Registered Broker-Dealer and  Member, FINRA & SIPC.  Progressive Financial Planning Services, Inc. is independent of ProEquities, Inc.