You say you want to Retire Early, but how?!

5 Steps to Achieve Financial Independence:
•Create a Solid and Strict Budget and Stick to It.
•Invest Your “Found” Money.
•Pay Off and Stay Out of Debt.
•Pick Up Some Side Hustles.
•Invest Wisely.

Generally, early withdrawal from an Individual retirement account (IRA) prior to age 59½ is subject to being included in gross income plus a 10 percent additional tax penalty. There are exceptions to the 10 percent penalty, such as using IRA funds to pay your medical insurance premium after a job loss.

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Ray Halstead and Andrew McMillan are managing partners at REH CPAs in Mooresville, NC. They focus on helping small business owners with their bookkeeping, accounting, taxes, and ultimately allowing them to stay out of their books and in their business.

If you want to speak with someone about your small business taxes, give REH CPAs a call at (704) 662-8249….(read more)

LEARN MORE ABOUT: IRA Accounts

CONVERTING IRA TO GOLD: Gold IRA Account

CONVERTING IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA