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.

To learn more about retirement accounts visit:

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Related Questions

Find the distance between the pair of points (3, 5) and (-3, 8)

Answers

Answer: 3

Step-by-step explanation:

5. Write 21/25 as a percent * O 84% O 80% o 21% 25%​

Answers

Answer:

84%

Step-by-step explanation:

21/25 = 84/100 = 0.84 = 84%

Answer: 84%

Carlo rode his bicycle from his house to his friend Kevin's house. From there, he rode to a video game
store. Then he rode 3.2 kilometers from the video game store back to his house. The arrows in the grid
show the path Carlo traveled. How many kilometers did Carlo ride his bike? Round your answer to the
nearest tenth of a kilometer.
12.3 kilometers
10
9
8
6.5 kilometers
7
Kevin's House (25,6)
6
5
4
13.7 kilometers
3
2
Video Game Store (25,2)
15.7 kilometers
5 6 7 8 9 10
1 2 3 4
Carlo's House (0,0)​

Answers

Answer:

The answer would be approximately 13.9, so if 13.9 is not a choice just pick what closest to it.

Step-by-step explanation:

Answer:

13.7

Step-by-step explanation:

The digit 3 in which number represents a value of 3 tens ?

Answers

Answer:

30

Step-by-step explanation:

Answer:

3 times 10 + 5 times 1

Step-by-step explanation:

Your bank give you 6% annual interest compounded quarterly on all savings account balances. Which of the following is the multiplier used when modeling this situation

A. 1.015
B. 1.02
C. 1.04
D. 1.06
E. 0.94

Answers

It’s probably A 1.015 or 1.02

Cassidy's family built a swimming pool that is
5 meters longer than it is wide. It has an area of
36 square meters. Find the dimensions of the pool

Answers

Answer:

 

Step-by-step explanation:

‎‎‎‎‎‎‎‎‎‎‎‎        

Answer:

4 meters wide and 9 meters long

Step-by-step explanation:

equation- A=wl=4·9=36

$43,000 invested at a rate of 5% compounded annually for 3 years.

Answers

ANSWER: $49,777.88

Reasoning: the equation is
y=43,000(1.05)^3

Do the math and then

y=43,000(1.157...)
y=49777.875

Then round to...
$49,777.88

10th grade geometry plz put answer and not links

Answers

Answer:

B

Step-by-step explanation:

pls help me on this !!!

Answers

Answer:

9

Step-by-step explanation:

To solve this question you need the formula of hypothenuse theorem, I personally use [tex]a^{2} + b^{2} = c^{2}[/tex].

Since [tex]c^{2}[/tex] is the hypothenuse, and the hypothenuse in this case is 15, the equation will be [tex]12^{2}+ b^{2} = 15^{2}[/tex].

144+[tex]b^{2}[/tex]=225

subtract 144 from both sides

[tex]b^{2}[/tex]= 81

[tex]\sqrt{b^{} } = \sqrt{81}[/tex]

b=9

Hi my question is what is ma name?​

Answers

what do you mean there is no question

Using distributive property write 42+63

Answers

Answer:

7(6+9)

Step-by-step explanation:

What is the domain and the range of: (2,3), (3,5), (2,7), (4,8)

Answers

Answer:

Domain: {2, 3, 4 }

Range: {3, 5, 7, 8}

Step-by-step explanation:

hope this helps and is right. p.s. i really need brainliest :)

hello please help me i need to finish today​

Answers

Answer:

I think it’s a reflection followed by a transformation

Step-by-step explanation:

Ahab counted vehicles in a parking lot. 5 out of 15 were go-carts. If this trend continues and he counts 9 more vehicles, how many of them will be go-carts?​

Answers

5 of 15 are go carts. That’s 1/3
1/3 of 9 is 3

what is the value of 4/15÷2/3​

Answers

Answer:

2 /5

Step-by-step explanation:

The following equation is true for all real values of k for which the expression on the left is defined, and A
is a polynomial expression.
6k2 – 36k k2 + 12k + 36
А
k2 - 36
1
What is A?

Answers

Answer:

A = 6k(k + 6)

Step-by-step explanation:

We have to solve the given equation for the value of A,

[tex]\frac{6k^2-36k}{A}.\frac{k^2+12k+36}{k^2-36}=1[/tex]

[tex]\frac{(6k^2-36k)(k^2+12k+36)}{A(k^2-36)}=1[/tex]

(6k² - 36k)(k² + 12k + 36) = A(k² -36)

6k(k - 6)(k + 6)² = A(k - 6)(k + 6)

A = [tex]\frac{6k(k-6)(k+6)^2}{(k-6)(k+6)}[/tex]

A = 6k(k + 6)

Therefore, value of A is 6k(k + 6).

I NEED HELP ASAP PLEASE HELP

Answers

Answer:

a) lilla has 1/5 of the book left to read

b) lilla has 15 pages left to read

Step-by-step explanation:

a) 1/5 + 3/5 = 4/5

b) 75÷ 5= 15

15× 4= 60

75-60= 15

the kitchen is 20 feet long and 10 feet wine how many square feet of flooring does Bob need to buy​

Answers

Answer:

200 ft squared of   W I N E

Step-by-step explanation:

W I N E

What is the interquartile range for Genivieve’s data?

Answers

Answer:

May you please attach a picture of Genivieve’s data or insert it as text?

Step-by-step explanation:

Answer:

9

Step-by-step explanation:

i got 100% on edmentum

If AJKL ~ AMKN, find the value of x.

Answers

Answer:

14

Step-by-step explanation:

The two triangles are similar

KN/KL = MN/JL

12/32 = (x+1)/(3x-2) multiply the fractions

36x-24 = 32x+32 export like terms to the same side

36x-32 = 32 + 24

4x = 56 divide both sides by 4

x = 14

A, B, C and D form the vertices of a parallelogram.
AD = 11.1cm, AB = 15.5cm and ZBAD = 71°.
Find the area of the parallelogram. Round to 1 DP.

Answers

Answer:

Area = 162.70 square centimetre.

Step-by-step explanation:

From the given question,

AD = 11.1 cm, AB = 15.5 cm and <BAD = 71°

The area of the parallelogram can be determined by;

Area = AD x AB x Sin <BAD

        = 11.1 x 15.5 x Sin 71°

        = 172.05 x 0.94552

Area = 162.67672

        = 162.70 [tex]cm^{2}[/tex]

Therefore, the area of the given parallelogram is 162.70 square centimetre.

Elsa took out a 2-year loan to buy a car at a 6% simple interest rate. If she has to pay $264 in interest;

How much interest did she pay each 1 year?

How much principal did she borrow?

Answers

Answer:

P = I / rt is the formula we're going to use.

P is the principle (which is what we're solving for)

I = the interest accrued over the specified amount of time (2 years)

r = the interest rate (6%)

t = the time specified (2 years)

Change the percent to a decimal. Place the decimal two places to the left to make 0.06.

P = 264 / 0.06(2)

P = 264 ÷ 0.12 = 2,200

Principal borrowed would be $2,200

can you guys help me pls

Answers

Answer:

D. (4 1/2, 2 1/2)

Step-by-step explanation:

Look for each point on the coordinate graph.

Evaluate the radical expression. Express your answer as an integer, simplified fraction, or a decimal rounded to two decimal places. If the expression does not represent a real number, indicate not a real number. ​

Answers

Answer:

Hi how are you doing today Jasmine

give me a correct answer, My answer probably wrong.

Answers

Hello!

This is a problem about the general solution of a differential equation.

What we can first do here is separate the variables so that we have the same variable for each side (ex. [tex]dy[/tex] with the [tex]y[/tex] term and [tex]dx[/tex] with the [tex]x[/tex] term).

[tex]\frac{dy}{dx}=\frac{x-1}{3y^2}[/tex]

[tex]3y^2dy=x-1dx[/tex]

Then, we can integrate using the power rule to get rid of the differentiating terms, remember to add the constant of integration, C, to at least one side of the resulting equation.

[tex]y^3=\frac{1}{2}x^2-x+C[/tex]

Then here, we just solve for [tex]y[/tex] and we have our general solution.

[tex]y=\sqrt[3]{\frac{1}{2}x^2-x+C}[/tex]

We can see that answer choice D has an equivalent equation, so answer choice D is the correct answer.

Hope this helps!

What is the length of AB?

Answers

Answer:

AB = 5

Step-by-step explanation:

The side opposite the 30 degree angle will have the shortest length. The side opposite the 60 degree angle will be  √3  times as long, and the side opposite the 90 degree angle will be twice as long.

In this case we just divide 10 by 2

Answer:

5 cm

Step-by-step explanation:

Sin 30° = opposite / hypothenus

= AB / 10cm

AB = sin 30° × 10 cm

= 5 cm

v ÷ 2= Algebra mathematics

Answers

Answer:

V/2 is the answer.

Step-by-step explanation:

V2 is V * 2, which is the opposite of what you want.

I GIVE BRAINLIEST :)

Question is in picture, tysm

Answers

Answer:

No x^3 times x^5 is not equal to x^15. It is equal to x^8

Step-by-step explanation:

x3x5

=x3*x5

=(x*x*x)*(x*x*x*x*x)

=x*x*x*x*x*x*x*x

=x8

Answer:

See explanation

Step-by-step explanation:

[tex]x^{3} = x*x*x\\x^{5} = x*x*x*x*x\\x^{3} x^{5} = x*x*x*x*x*x*x*x = x^{8}[/tex] ≠ [tex]x^{15}[/tex]

If one cookie costs $0.30, how much would 36 cookies cost?
O A. $9.18
O B. $9.80
O C. $10.80
D. $12.00

Answers

Answer:

C.

Step-by-step explanation:

All you have to do is multiply the cookie cost by the cookies and that gives you your answer.

0.30 * 36 = 10.80

The cost of 36 cookies is $10.80

1 cookie= $0.30

36 cookies= x

Cross multiply

1x= 0.30 × 36

1x= 10.8

x= 10.8

Hence the price of 36 cookies is $10.80

Please see the link below for more information

https://brainly.com/question/23032240?referrer=searchResults

1) Deb owns a cake shop and she is working on two wedding cakes this week. The first cake
consists of 5 small tiers and 3 medium tiers, which will serve a total of 252 guests. The
second one includes 1 small tier and 3 medium tiers, which is enough servings for 168
guests. How many guests does each size of tier serve?

A small tier will serve
guests and a large tier will serve guests.

Answers

Answer: Hope this helps

Step-by-step explanation:

Let ss be the number of guests that a small tier can serve and mm be the number of guests a medium tier can serve.

The first cake has 3 small tiers, which will serve 3s3s people, and one medium tier, which will serve mm people. The first cake can then serve 3s+m3s+m people. Since the first cake will serve 100 guests, then 3s+m=1003s+m=100.

The second cake has 3 small tiers, which will serve 3s3s people, and 2 medium tiers, which will serve 2m2m people. The second cake can then serve 3s+2m3s+2m people. Since the second cake will serve 140 guests, then 3s+2m=1403s+2m=140.

The system of equations is then { 3s+m=100 3s+2m=140  

{

3s+m=100

3s+2m=140

Part B:

The mm-terms have the same coefficients so subtract the first equation from the second equation to eliminate ss and solve for mm:

3s+2m amp;= amp;140 −(3s+m amp;= amp;100)       m amp;= amp;40

3s+2m

−(3s+m

m

 

amp;=

amp;=

amp;=

 

amp;140

amp;100)

amp;40

Substitute m=40m=40 into either equation and solve for ss:

3s+m amp;=100 3s+40 amp;=100 3s amp;=60 s amp;=20

3s+m

3s+40

3s

s

 

amp;=100

amp;=100

amp;=60

amp;=20

The solution of the system is then (s,m)=(20,40)

(s,m)=(20,40)

.

Part C:

Since the solution of the system was s=20s=20 and m=40m=40, then a small tier feeds 20 people and a medium teir serves 40 people.

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