Avoiding Expensive Pitfalls in Early Retirement Withdrawals

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The Jeff Trapp Podcast

Jeff Trapp

132 episodes

2 days ago

Jeff Trapp is a Tax Strategist who has created 3 different companies and helped entrepreneurs save millions of dollars on taxes through strategic tax planning. In this podcast, Jeff will share tax tips, his knowledge of business, and financial strategies.

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Avoiding Expensive Pitfalls in Early Retirement Withdrawals

The Jeff Trapp Podcast

12 minutes 19 seconds

1 year ago

Avoiding Expensive Pitfalls in Early Retirement Withdrawals

In this episode of The Jeff Trapp Podcast, Jeff Trapp from The Tax Planning Pros covers questions about withdrawing money from retirement accounts before age 59½, explaining the steep tax penalties involved and exploring exceptions like medical expenses, education costs, first-time home purchases, and more. He also discusses IRS code section 72(t) and other specific circumstances that allow for penalty-free withdrawals.

If you're considering early withdrawals from your IRA or 401(k), this episode is packed with valuable insights. Tune in for actionable advice and don't forget to like, share, and subscribe to the podcast!

If you'd like to discover the benefits of tax planning, please visit https://www.thetaxplanningpros.com/contact-us#BookAConsultation to book a complementary consultation.