An IRA often gives investors an excellent opportunity to accumulate tax-deferred funds with control over their investment. Although the primary benefit of an IRA lies in its ability to offer growth through long-term investment, some investors find it necessary to take an early distribution.

Distributions taken from an IRA prior to the investor reaching the age of 59 ½ may be subject to a 10 percent penalty unless the funds are withdrawn under the allowed exceptions stated under the Internal Revenue Code 72(t).

Rule 72(t) offers the investor options in their strategic planning for an early retirement. At Allen & Company, your Financial Advisor can help you understand these exceptions and how they may apply to you. Your advisor can create a personalized strategic plan that reflects your particular situation to best suit your needs and minimize or alleviate early withdrawal penalties. Let us put our knowledge and skills to work to help you best leverage your retirement savings.