If you withdraw money from your traditional Individual Retirement Account (IRA) before age 59½, you ll likely face a penalty. After all, IRAs were designed as a tax-advantaged way to encourage individuals to save for retirement. One way to persuade people to keep the funds intact is by making it painful to withdraw them before they reach retirement or at least, retirement age.
Following that reasoning, the IRS imposes a 10% penalty (plus income tax in most cases) on early withdrawals, as it dubs funds taken out by those under 59½.
However, there are exceptions. The IRS names certain hardship provisions that allow you to take your money out of your IRA early without paying the 10% penalty. You must meet specific circumstances to make these hardship withdrawals.
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Listen to your body. It’s one of the things everyone says, and with good reason.
When our bodies are craving something, they let us know. When something is going wrong, they send out warning signals and if you want to have a long career in this sport, you better learn to listen.
For a long time I didn’t.
When I was 16, I started working with a dietician and in the years that followed, I became really, really strict with my food. I have always had the traits of a perfectionist, and I was so controlled about everything I ate: weighing my food, knowing exactly how many calories I was consuming.
Brendan Carter as Dr. Frank-n-Furter and Jordan Wolfe as Brad Majors perform in Opera House Theatre Company’s “The Rocky Horror Show,” being held through next Friday and Saturday night outside on the steps of Thalian Hall. (Port City Daily/Shea Carver)
WILMINGTON It’s hard to remember what it is like going to a full capacity, in-person concert, theater production or community art show. Once March 17 hit almost 10 months ago, all activity pretty much ceased across the globe. Concerts came to a halt and livestreams popped up in their stead. Art exhibits went virtual. Theater productions became pre-filmed or livestreamed.
Jacob Marleyâs Christmas Carol goes virtual for 2020
Local theater group streams audio version of Christmas production By Emily Featherston | December 18, 2020 at 5:30 PM EST - Updated December 18 at 6:44 PM
WILMINGTON, N.C. (WECT) - The year 2020 has not been kind to those whose chosen artistic expression is done on the stage.
But pandemic or no pandemic, Big Dawg Productions is putting on their beloved Jacob Marleyâs Christmas Carolâonly this time, it will be as an audio drama.
âThe fact that we were getting ready to leave this year without any other type of production was kind of disturbing for us,â said artistic director Steve Vernon. âWe wanted to at least touch base with people as this year heads out the door and we get ready for a new year.â