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Tax, SDIRAs & Cost Segregation

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54
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Gregg Reinbold
  • Rental Property Investor
  • Jersey Shore
22
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54
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Early distributions from retirement plans related to COVID-19 tax

Gregg Reinbold
  • Rental Property Investor
  • Jersey Shore
Posted Jan 25 2021, 08:35

Any thoughts if the tax exemption for early withdrawal that ended in 2020 will be extended? 

I will be 59.5 in five months, but I could use some money from my IRA before then.

The 20% tax for early withdrawal is too much for me not to wait five months. 

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