Ways To Access Your Retirement Funds

Accessing Your Retirement Funds before Age 59 1/2

Accessing retirement funds early can be necessary for some, but it often comes with penalties and tax implications. However, there are ways to access these funds penalty-free under certain circumstances.

IRS Rule 72(t) SEPP

IRS Rule 72(t) allows for penalty-free withdrawals from an IRA or other
qualified retirement plan before age 59 1/2.

Avoid the 10% early withdrawal penalty.

Withdrawals are still subject to regular income tax.

Can provide income if you retire early or want/need your money now for any reason.

Once started, substantially equal periodic payments (SEPPs) must be taken for 5 years or until age 59 1/2, whichever is longer, limiting flexibility.

Borrowing from Your IRA

Some IRAs allow you to borrow funds, but these must be repaid within a
specific timeframe.

Access funds without penalty, potentially avoiding market downturns.

Limited to a 60-day period for repayment. Failure to repay within this period results in taxes and penalties.

No credit check or loan approval process.

Missed Potential Investment growth during the period funds are withdrawn.

Borrowing from your IRA is a short-term temporary solution.


Rolling over a retirement account into another qualified account can sometimes provide more flexible access to funds.

Potentially more investment options and lower fees.

Rollover process can be complex and must be done correctly

May offer different rules for access and loans.

Risky to implement without a professional to help avoid taxes and penalties

Rollovers can be a valuable tool if done correctly.

Ready to Plan Your Retirement Fund Access?

Understanding your retirement fund options can be challenging, but you don’t have to navigate it alone. Our specialists are here to help you understand your options and make informed decisions that align with your financial goals and retirement plans.

Connect with one of our knowledgeable retirement fund specialists to explore your options, understand the tax implications, and plan your retirement fund access strategically.

Our team is committed to providing personalized advice tailored to your unique financial situation.