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There are heavy penalties and taxes for early withdrawal of your money from a retirement account. O True O False​

There are heavy penalties and taxes for early withdrawal of your money from a retirement account. O True O False​
asked 190k views
5 votes
There are heavy penalties and taxes for early withdrawal of your money from a retirement account. O True O False​

asked
User Damned
by
7.7k points

2 Answers

10 votes

Answer:

True

Step-by-step explanation:

Banks do not like it

answered
User Benjamin White
by
8.3k points
7 votes
True if you are under a certain age. This is a retirement account. Therefore it’s to be used after retirement.
answered
User Graup
by
8.5k points
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