Taking a cash distribution from a qualified retirement plan before you are eligible can have potential consequences. You will likely be responsible for ordinary income taxes and possibly a 10% additional tax on the withdrawn amount, reducing the value of the distribution. In addition, taking a distribution may reduce the amount of money you have available at retirement, and perhaps by more than you might think.
To see what potential effects taking a cash distribution today from your retirement plan could have on your current and future retirement savings, answer the following questions, and then click Submit. Go to disclosures