72t explained

Wondering how a 72t works to your favor? definition ELIMINATES the 10% early withdrawl penalty normally due with withdrawals prior to age 59 1/2. Apply for a penalty free income distribution with a 72t ESTIMATE of what YOUR; 401k, TSP, 403(b), 457 plan or IRA might produce for income, using a 72t for early withdrawals to eliminate the IRS penalty.