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The Economic Times
The Economic Times
National
Shreya Biswas

Early retirement could lead to a 10% penalty - how 72(t) may help access your savings

Retiring before age 50 with nearly $10 million in an employer-sponsored retirement plan can create a major tax challenge. In a Forbes analysis, Cicely Jones explains how 72(t) distributions can help younger retirees access retirement funds while avoiding the 10% federal early withdrawal penalty.

Why Taking $10 Million at Once Can Be Costly

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