Round Table | Paying the Penalty with My IRA - The Wealth Without Wall Street Podcast

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Round Table | Paying the Penalty with My IRA

27th September 2022 • The Wealth Without Wall Street Podcast • By Russ Morgan & Joey Muré

00:00:00 00:50:11

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IRAs and other traditional retirement plans are designed to be left untouched until you retire. But what if you need cash flow for significant expenses? Should you make an early withdrawal? Your IRA has a hidden penalty you probably didn't even know existed—think about that for a second. Are you willing to pay the penalty?

Tune in to today's discussion that covers 3 key aspects of your IRA so you can fully understand how much you pay in penalties when you put your money where it should not be.

Education - What are the facts?
Mindset - Are you terrified of your ability more than the penalty?
The Financial Aspect - What is the math behind this thing?

Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.

This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.

The hosts may have a financial interest in the programs or services mentioned in this episode.

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