At what age can you start withdrawing money from retirement accounts? What’s the penalty for withdrawing money early from retirement accounts? Type the correct answer in each box. Use numerals instead of words. Use / for a fraction bar.

Answers

Answer 1

The penalty-free withdrawals from retirement accounts after age 59 ½ requires withdrawals after age 72 and 10% penalty on the amount that you withdraw before the age 59 ½.

We need to find at what age can you start withdrawing money from retirement accounts.

We need to find what’s the penalty for withdrawing money early from retirement accounts.

You can withdraw money from your 401k before age 59 ½. However, early withdrawals often come with hefty penalties and tax consequences.

If you find yourself needing to tap into your retirement funds early, here are rules to be aware of and options to consider.

What are 401k Withdrawal Rules?

The IRS allows penalty-free withdrawals from retirement accounts after age 59 ½ and requires withdrawals after age 72. There are some exceptions to these rules for 401k plans and other qualified plans.

Generally, if you take a distribution from an IRA or 401k before age 59 ½, you will likely owe:

federal income tax (taxed at your marginal tax rate)10% penalty on the amount that you withdrawrelevant state income tax

Therefore, the penalty-free withdrawals from retirement accounts after age 59 ½ requires withdrawals after age 72 and 10% penalty on the amount that you withdraw before the age 59 ½.

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Related Questions

the ratio of hamburgers to hot dogs at the picnic is 25:10. If there are 100 hamburgers how many lunch itemd are there altogether?​

Answers

Answer:

140 lunch items

Step-by-step explanation:

The unit ratio is 5:2

So if we take that and multiply it by 20 we get 100:40. 100+40 is 140

Answer:

140

Step-by-step explanation:

well if there is 25 hamburgers to 10 hot dogs, than 25 times four is 100 and 10 times four is 40 so 140 but i dont know if i did it right

what does x and y =??????

Answers

Answer:

x=30. y=60

Step-by-step explanation:

DG is a straight segment so it sums to 180 degrees. ECG is a right angle so 90 degrees. The rest is described as 2x and x. So 3x=90 degrees. x=30. Eh is also a straight segment. since we know x, we know that ECD is 60 degrees. So y+y=120 degrees. 2y=120. y=60.

Hi my question is what is ma name?​

Answers

what do you mean there is no question

The first one, second one or third one??!

Answers

Answer:

the second one

Step-by-step explanation:

Answer: Second one

Step-by-step explanation: Because when the plus times the minus it will stay minus.

find the measure of the angle theta

Answers

Answer:

A. 57.8°

Step-by-step explanation:

Reference angle = θ

Length of hypotenuse = 15

Length of adjacent side = 8

Recall, SOHCAHTOA.

Thus, apply CAH to find θ.

Cos θ = Adj/Hyp

Cos θ = 8/15

θ = Cos^{-1}(8/15)

θ = 57.7690474° = 57.8°

find the distance between the points (-4,5), (-12,5)

Answers

Answer:

d = 8

Step-by-step explanation:

For:

(X1, Y1) = (-4, 5)

(X2, Y2) = (-12, 5)

Distance Equation Solution:

d=(−12−(−4))2+(5−5)2−−−−−−−−−−−−−−−−−−−−√

d=(−8)2+(0)2−−−−−−−−−−√

d=64+0−−−−−√

d=6–√4

d=8

Therefore, the distance between (-4,5), (-12,5) is 8.


Please help me PLEASE

Answers

Answer:

the answer would be Point F

Answer:

The answer is F

Step-by-step explanation:

12.
The Mills Library has 1,007,199 books. The Springvale Library
has 907,082 books. Which of the following is the best
estimate of how many more books the Mills Library has than
the Springvale Library?
A.
100,000 books
B.
80,000 books
C.
10,000 books
D.
8,000 books
E.
1,000 books

Answers

the correct answer is A: 100,000. good luck on the next answer!!


John is going to plant spinach in a rectangular area of his garden. The rectangle is 11 feet long and 7 feet wide. What is the area of this rectangle

Answers

Answer:

Step-by-step explanation: A=wl=7·11=77

Answer:

75 sq ft i think

Step-by-step explanation:

5x - 3.3 = 7.2
What is the solution to the
equation?
A. X = 2.1
B. X = 5
C. X = 0.65
D. Not Here

Answers

Answer:

A

Step-by-step explanation:

5x=10.5

x=2.1

Given Find the area of figured one area of figure two area of figured three area of figure four area of the whole figure

Answers

Answer:

culeous

Step-by-step explanation:

because it gives particular figured area

\

What the person above me said. :)

find the value of
x!!!!!!!!!!

Answers

Answer:

x = 16

Step-by-step explanation:

7x - 12 + 5x = 180

12x = 192

x = 16

Answer:

x = 16

Step-by-step explanation:

180 = (7x-12) + 5x

192 = 12x

16 = x

.HELP!!!!!...............

Answers

Answer:

132 yards

because its a hexagon so all sides are the same, meaning you do 22×6 = 132

Khan uses 78ft of fence for a pen and the length is 25ft. What is the width

Answers

Answer:

The width is 14ft

Step-by-step explanation:

Given

[tex]Fence = 78[/tex]

[tex]Length = 25[/tex]

Required

Determine the width

To do this, we assume that the fence is a rectangle

So, we use the following formula.

[tex]Perimeter = 2 * [Length + Width}[/tex]

Where:

[tex]Perimeter = Fence = 78[/tex]

So, we have:

[tex]78= 2 * [25 + Width}[/tex]

Divide both sides by 2

[tex]39= 25 + Width[/tex]

Solve for Width

[tex]Width = 39 - 25[/tex]

[tex]Width = 14[/tex]

By increasing the down payment from 1,000 to 4,000, how does the total purchasing cost change?

Answers

Answer:

300%

Step-by-step explanation:

By increasing the down payment from 1,000 to 4,000, how does the total purchasing cost change?

If down payment is increased from 1000 to 4000

Icecrement = 4000-1000

Increment =3000

Percentage increase = 3000/1000×100

Percentage increase = 3000/10

Percentage increas=300%

please help me as fast as possible

Answers

Answer:

Skewed Right

Step-by-step explanation:

Write your answer using integers, proper fractions and improper fractions in the simplest form
PLEASE HELP

Answers

Answer:

y = ⁷/5x + 13/10

Step-by-step explanation:

Recall: equation in slope-intercept form is given as y = mx + b

Thus, let's rewrite 14x - 10y = -13 in this form.

14x - 10y = -13

Add -14x to both sides

-10y = -14x - 13

Divide both sides by -10

-10y/-10 = -14x/-10 - 13/-10

y = ⁷/5x + 13/10

Two non-congruent circles intersect and have a common chord 40 cm
long. The centers of the circles are 63 cm apart. The radius of one circle is
52 cm. Find the radius of the other circle.
Please include all work and sketch

Answers

Answer:

25 cm

Step-by-step explanation:

The chord and the segment between the centers form the diagonals of a kite with each pair of side being the radius of the circles.

As we know the long diagonal bisects the shorter one and they are perpendicular.

Using Pythagorean, lets find the distance between the center of a greater circle and the chord:

52² - (40/2)² = 2304 ⇒ √2304 = 48 cm

The distance from the center of smaller circle and the chord is:

63  - 48 = 15 cm

Now using Pythagorean again, find the radius of the smaller circle:

15² + (40/2)² = 625 ⇒ √625 = 25 cm

What is the slope of the line that passes through (5,4) and (7,10)?

A. 3
B. -3
C. 2
D. -2

Answers

I think it’s A using the formula y2-y1/x2-x1

Answer:

A. 3

Step-by-step explanation:

I just did it on a calculator and got it correct

Plsssss help it is khan academy!!!

Answers

The inequality is in the direction of the arrow
The arrow is like this <——— so the inequality is <
It is an open circle so that means -1 is not included
x<-1
Or choice A

Write an expression for "six minus b".

Please help!!

Answers

Answer:

6 - b

Step-by-step explanation:

b doesn't have a value.

What amount of fencing (in feet) is needed?

(b)What is the total cost (in dollars) of the fencing if it costs $1.69 per foot?

Answers

235+235+150+150= 770
Perimeter= 770 ft
770 x 1.69= 1301.3
Farmer Watson would end up spending $1,301.30 on the fence

Use the quadratic formula to find both solutions to the quadratic equation
given below.
3x2 - X+5 = 0

Answers

A and E
I’m pretty sure that’s correct!

A quadratic equation is written in the form of ax²+bx+c. The roots of the given quadratic equation are shown in options B and F.

What is a quadratic equation?

A quadratic equation is an equation whose leading coefficient is of second degree also the equation has only one unknown while it has 3 unknown numbers. It is written in the form of ax²+bx+c.

The roots of a quadratic equation can be found using the formula,

[tex]x = \dfrac{-b \pm \sqrt{b^2 - 4ac}}{2a}[/tex]

Given the quadratic equation 3x²-x+5 = 0. Comparing it with the general quadratic equation the value of a, b, and c will be 3, -1, and 5.

Now, if we substitute the values in the formula of the roots of the quadratic equation,

[tex]x = \dfrac{-b \pm \sqrt{b^2 - 4ac}}{2a}[/tex]

[tex]x = \dfrac{-(-1) \pm \sqrt{(-1)^2 - 4(3)(5)}}{2(3)}\\\\[/tex]

x = (1±√-59)/6

x = (1+√-59)/6, (1-√-59)/6

Hence, the roots of the given quadratic equation are shown in options B and F.

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After 1 year, $1,000 deposited in a savings account with simple interest had earned $30 in interest. What was the interest rate?

Answers

Answer:

3%

Step-by-step explanation:

The formula for simple interest is I = PRT, where I = interest earned/paid, P = principal amount deposited or borrowed, R = rate of interest as a decimal, and T = time in years.

I = PRT

30 = (1000)(R)(1)

30 = 1000R

R = 0.03

Multiply by 100 to get the percentage of 3%

Mrs. Smith cut an apple pie into 8 slices and a blueberry pie into 12 slices. She served
6 slices of the apple pie and 7 slices of the blueberry pie. Which correctly compares the
amounts of pie Mrs. Smith served?

Answers

Answer:

6/8>7/12

Step-by-step explanation:

6/8>7/12

36/48>28/48

I think

In a swimming competition, Peter swam 600m and Gabriel swam 2km .What is the ratio of Peter’s distance to Gabriel’s? Give your answer in its simplest form. b. Express the ratio 20cm to 15m in the form 1: n c. Express the ration 60 cm to 20 m in the form 1 : n

Answers

Answer:

2\6 is the ratio

Step-by-step explanation:

brainliest pls

step by step explenation

thank you

Plz hurry.....................

Answers

Answer:

It should be 115.2 meters^3

Step-by-step explanation:

Volume = 1/3 a^2h

             = 1/3 x 12^2 x 2.4

             = 115.2 m ^3

How many faces does the solid made from the net below have? ​

Answers

There are 5 triangles and 1 pentagon for a total of 6

The answer is 6

Expand and simplify 3(C - 2d) - 2(2C - 3d).​

Answers

Answer:

-C

Step-by-step explanation:

3(C - 2d) - 2(2C - 3d).

Distribute

3C - 6d  - 4C +6d

Combine like terms

3C -4C  -6d +6d

-C

Answer:

-C

Step-by-step explanation:

3(C - 2d) - 2(2C - 3d) =

= 3C - 6d - 4C + 6d

= 3C - 4C - 6d + 6d

= -C

Find the volume of the cube below.

Answers

The volume of the cube is 9
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