Tax Tuesday:
Withdrawing from an IRA or 401(k) before age 59½ usually triggers a 10% IRS penalty, but several important exceptions may apply. Understanding these rules can help avoid unnecessary taxes and penalties while keeping your long-term plan on track. Certain situations—such as unreimbursed medical expenses, disability, higher education expenses, a first-time home purchase, or employer separation-from-service rules after age 55—can allow penalty-free access to retirement savings. Knowing when early withdrawals are allowed can provide flexibility during life’s unexpected financial events while helping you stay aligned with your retirement strategy
