Sometimes situations arise that create the need to withdraw money from a retirement plan earlier than expected. There can be financial consequences to this decision like additional taxes levied on top of planned tax payments.  This article highlights five points to consider before taking an early withdrawal from your retirement plan.

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Talk to your tax advisor at Sharrard, McGee & Co., PA before you consider an early withdrawal from your retirement account. They can help you review all your options in an effort to minimize your tax liability. Call us at (336) 884-0410 in High Point or at (336) 272-9777 in Greensboro.