" says Kaleb Paddock, a certified financial planner with Denver-based Ten Talents. There is a potential "workaround" if you withdraw funds from your Roth IRA and put them back via a deposit within 60 days, Paddock notes. That way, you avoid taxes and penalties....
TheInternal Revenue Service(IRS) may also assess a premature penalty of 10% and income tax on the withdrawn funds. The amount of the surrender charge depends on how long the owner stayed in the contract. The penalty for early withdrawal depends on the age of the contract holder and thecir...
If you plan to withdraw funds from a tax-deferred account, make sure to carefully examine the rules on exemptions for early withdrawals. For more information on situations that are exempt from the early-withdrawal income tax penalty, visit the IRS website at www.irs.gov....
the risk that even though you average 8% (or whatever) returns over your retirement, if the crummy returns show up early, the combination of bad returns and portfolio withdrawals will cause you to run out of money early. So the amount you can safely take out each year must be low enough...