Conveniently located in Wixom and Bloomfield Hills

  • Main office

    28345 Beck Road Suite 401 Wixom, Michigan 48393
    Phone: 248.869.0030
  • satellite office

    (by appointment only)
    36400 Woodward Suite 220
    Bloomfield Hills, MI 48304

Our Blog

 

 

 

Tax Rules on Early Withdrawals from Retirement Plans

01.01.2014 by Law Firm of Seglund Gabe Pawlak Groth & Kelley in Legal Updates, Tax Information

Taking money out early from your retirement plan can cost you an extra 10 percent in taxes. Here are five things you should know about early withdrawals from retirement plans. An early withdrawal normally means taking money from your plan, such as a 401(k), before you reach age 59½. You must report the amount you […]

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