Follow @calltoleap for more money videos.🤓 Don’t take out money from your Roth IRA before 59 1/2 because you’re going to get penalized, right?🤨 No, there are ways around this that wealthy people know: 1. You can withdraw up to $10,000 to pay for your first home. 2. You can withdraw money for birth or adoption expenses, if you become disabled or die, and qualified medical expenses or health insurance only if you’re unemployed. 3. In order to do all this, your Roth IRA must be at least 5 years o
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A lot of people have no idea about this rule because this isn’t something they want you to know. If you are in a position where you need to take out money from your retirement plan be sure you know all the rules so you won’t get penalized and taxed for no reason! #retirement #401k #401kplan #retirementplanning #retire #finance #money #taxes #tax #taxtok #taxfreeretirement #retirementplan #CapCut | Generational Wealth With Queen M
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