The 10% Penalty is Looming: Considerations For Taking An Early Withdrawal

Peter Mallouk Portrait

Peter Mallouk

Peter Mallouk and his guest, Dan Donegan, discuss the potential IRS penalties you could incur by withdrawing your retirement funds early. They also cover the tax ramifications you could experience and what options you may have to withdraw money early without facing IRS penalties.  Listen in to explore your distribution options if you are under age 59½.

The 411 on 401(k), hosted by Creative Planning President Peter Mallouk and the Creative Planning 401(k) advisory team, is an informed discussion aimed at  answering the many questions participants may have about their retirement accounts. Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future.

Let’s Talk

Find out how Creative Planning can help you maximize your wealth.

More Episodes

The Secret to Stop Worrying About Your Money Once and For All

There is a lot we can’t control when it comes to our finances, but that doesn’t mean we should be consumed with worry . Join John this week as he examines the best ways to deal with fear and uncertainty surrounding our wealth. Plus, Creative Planning estate planning attorney Megan Kelly drops in to discuss how the newly passed SECURE 2.0 Act could affect your estate plan.

Keeping Our Balance

This month, Peter Mallouk and Jonathan Clements offer their take on the classic 60/40 portfolio, discussing the relative merits of bonds, U.S. stocks and international shares. Plus, learn how timing your charitable donations can potentially result in a larger tax break.

7 Tips for Taking Control of Your Finances

This week John shares important steps we should take to get control of our finances and reap the benefits of effective money management. He also talks with Creative Planning Investment Manager and Chartered Financial Analyst® Kenny Gatliff about what to be aware of when investing this year. Plus, should we be rethinking the saying “it takes money to make money”?

“Your wealth works harder when it works together.”

Peter Mallouk

President & CEO, Creative Planning

Serving Clients Nationwide

U

Please Enter Valid Zip Code

50

STATES & ABROAD

Providing financial peace of mind across the globe

$225

BILLION

Combined assets under management & advisement as of December 31, 2021