Internal Revenue Code Section 72t Early Withdrawal of Monies from a Retirement Account

Stockbroker Law - Thursday, March 03, 2011
Internal Revenue Code Section 72t Early Withdrawal of Monies from a Retirement Account

Internal Revenue Code §72t is a provision which permits retirees under the age of 59½  to withdraw monies from their IRA accounts pursuant to a mathematical formula of scheduled, periodic withdrawals.  Unfortunately, this provision has been used by unscrupulous financial advisors who have implemented excessive levels of withdrawals, which are not only permitted by the IRS, but which can also deplete retirement account assets, leaving retirees in a financial bind.
 

 

We have represented a number of victims who have sustained financial harm as a result of the improper use of an IRS §72t early withdrawal and offer a free initial consultation to those who feel they have likewise been victimized.

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