Skip to main content
Tweeted twitter.com/#!/StackFinance/status/270467155567443968
edited tags
Link
Chris W. Rea
  • 31.8k
  • 17
  • 103
  • 190
Source Link
Anthony Miller
  • 448
  • 1
  • 5
  • 13

Penalties for cashing out on a SIMPLE IRA early

I want to know what are the penalties that an individual will face if they withdraw on a SIMPLE IRA outside of a hardship distribution?

(Additionally) I noticed in another post someone mentioned a '2-year rule' as well. If there is such a thing, how does it factor into this equation?