The Stacking Benjamins Show cover image

Let's Get Good With Money (with Jessi Fearon)

The Stacking Benjamins Show

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Is There Any Tax Penalty Due?

If before 65, if you take money out of it, it needs to be for qualified expenses or there will be a tax penalty. The play is to accumulate all your health expenses and then start dulling that out to yourself write as reimbursements once you get toward retirement. If you just take it out to spend it on a big screen t v, which is not a terrible idea, considering the superables coming up. 75 inches wouldn't, wouldn't be frowned upon.

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