Public Safety Employee? Do NOT Rollover Your Retirement $!

Public Safety Employees can take distributions from their government sponsored retirement plans at age 50 WITHOUT the 10% penalty!

Did you know that? I did not and I can’t believe I missed this! Many thanks to a subscriber who pointed this out to me today.

This law was signed by Obama in 2015, yet here it is 2018 and I was only made aware of it. Crazy.

Two morals of the story here:

1. If you are a government Public Safety Employee you’d be CRAZY to rollover your retirement $ to an IRA. (Even double if you’re ANY government employee living in MD or RI).

2. No one knows everything. You need to be open to other ideas and suggestions as someone WILL know something you do not.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributions

https://www.investmentnews.com/article/20150918/FREE/150919904/law-expands-10-penalty-exception-for-public-safety-workers
=================================
GET ALL MY LATEST BLOGPOSTS:

If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the vide to others who may be interested in the content. So, give me a thumbs up, please!

Don’t forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1

Contact me: Josh@heritagewealthplanning.com

GET MY BOOKS:
Both are FREE to Kindle Unlimited Subscribers!

The Tax Bomb In Your Retirement Accounts: How The Roth IRA Can Help You Avoid It
https://amzn.to/2LHwQpt

Strategic Money Planning: 8 Easy Ways To Put Your House In Order
https://amzn.to/2wKGi50

PODCAST:
https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2
http://heritagewealthplanning.com/category/podcasts/

LET’S SOCIALIZE!
Facebook: http://Facebook.com/heritagewealthplanning
Linkedin: https://www.linkedin.com/in/joshscandlen/
Quora: https://www.quora.com/profile/Josh-Scandlen
Google +: https://plus.google.com/u/1/108893802372783791910

© Copyright 2018 Heritage Wealth Planning