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Ep 78 Why Drawing From Your Retirement Account Early is a Costly Mistake
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Ep 78 Why Drawing From Your Retirement Account Early is a Costly Mistake
Many times people take money out of their retirement account early so they can pay bills, because they changed jobs or for "easy access" to their money. In this episode of the Red Barn Financial Podcast, Sean Moran shares why this could be a costly mistake, but in the current year as well as in future years. This includes the tax cost, the penalties and the fact that you will not have the money there for your future when you take it out today.
Disclaimer: This podcast is for informational purposes only. It is not tax, legal or financial advice. What is right for one person may not be right for another depending on their circumstances. If you would like to contact us please email smoran@redbarnfinancial.com To learn more about Red Barn Financial and the services we provide visit www.redbarnfinancial.com
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