skip navigation Menu PRINCIPAL PLANNING, INC. Phillip Q. Shrotman Retirement Plan Early Distribution What Would Remain After Taxes and Penalties? If you take an early distribution from your tax-deferred account, how much will you have remaining after paying income taxes and penalties? The tax-deferred account may be a 401(k) plan, your individual retirement account (IRA), profit sharing plan, or other tax-deferred savings account. Your expected federal income tax rate after making the withdrawal: 10 12 22 24 32 35 37 The dollar amount you plan to withdraw from your tax-deferred account: 0 25k 50k 75k 100k Previous Next Calculate This hypothetical example is used for illustrative purposes only. Actual results will vary. This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek advice from an independent tax or legal professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions. © 2021 Broadridge Investor Communication Solutions, Inc. “Securities offered through BB Graham & Co. a Registered Broker/Dealer, member FINRA/SIPC. Principal Planning Service Inc. is not affiliated with BB Graham & Co.” Site Map Check the background of this financial professional on FINRA's BrokerCheck

skip navigation Menu PRINCIPAL PLANNING, INC. Phillip Q. Shrotman Learning Center You'll find a wealth of content to inform and help educate - dozens of articles, an extensive list of financial calculators, and a glossary of financial terms. Articles Educate yourself on a variety of financial topics. Calculators A host of financial tools to assist you. Newsletters Timely newsletters to help you stay current. Glossary Financial terms from A to Z. Videos These engaging, short animations focus on a variety of financial topics and illustrate key financial concepts. Flipbooks These magazine-style flipbooks provide helpful information on a variety of financial topics and illustrate key financial concepts. Tax Library Manage your taxes and prepare for the upcoming tax season. Contact Us 194 Marina Drive,, #202 Long Beach, CA 90803 Phone: 562/ 598-3700 Fax: 562/598-7333 “Securities offered through BB Graham & Co. a Registered Broker/Dealer, member FINRA/SIPC. Principal Planning Service Inc. is not affiliated with BB Graham & Co.” Site Map Check the background of this financial professional on FINRA's BrokerCheck