12-26-2022 – Can You Avoid the Early Withdrawal Penalty for IRAs?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 27 December 2022
⏱️ 46 minutes
🧾️ Download transcript
Summary
Generally, retirement savers can’t touch their individual retirement account or 401(k) funds before age 59½ without penalty, but there are exceptions.
Today's Stocks & Topics: Economic Stats, The Stock Market Moving Up, Financial Trends That Killed the Market in 2022, Billionaires & Market Downturns, CLF - Cleveland-Cliffs Inc., OGN - Organon & Co., Utility Companies and Electric Cars, WDFC - WD-40 Co., C - Citigroup Inc., MRK - Merck & Co. Inc., Recession, SAGPX - Principal SAM Conservative Growth Portfolio A, Diversified Account.
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Transcript
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| 0:00.0 | At a time, when investors are confronted with market volatility and a variety of challenges |
| 0:11.3 | fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic pressures, |
| 0:18.6 | Justin Klein and Steve Peasley stand ready to take your finance and investment questions |
| 0:23.8 | and share their unbiased answers. |
| 0:27.0 | This is Invest Talk, independent thinking, shared success. |
| 0:32.3 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm serving |
| 0:37.6 | clients throughout the United States. |
| 0:40.9 | The clarity for your path forward starts now. |
| 0:45.3 | Here is KPP Financial President, Financial Advisor, Steve Peasley. |
| 0:51.4 | Good afternoon everybody and welcome to Invest Talk. |
| 0:54.6 | It is Monday, December 26, 2022, and of course we're counting the days off for the year |
| 1:02.3 | of the rest of the year. |
| 1:03.3 | We have what, a week left, Christmas is coming on, New Year's is what, next Monday. |
| 1:09.1 | And you know, the year moved pretty fast and so will the next year, the year after that. |
| 1:14.2 | They move fast people, that's why you have to be very careful about your investments |
| 1:18.9 | and your strategy and growing your money. |
| 1:21.7 | The safest thing you could do is make sure you put money aside every paycheck. |
| 1:26.9 | Just do it every paycheck, just do it. |
| 1:30.1 | It will add up, I guarantee it. |
| 1:32.8 | And don't think this last year is going to be the same as next year. |
| 1:38.0 | They don't, they're never the same, they don't, that's not happening, it's not going |
| 1:41.4 | to work. |
... |
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