If you withdraw funds from a pension plan before age 59 ,you will have to pay a ____ federal income tax penalty.

Name: If you withdraw funds from a pension plan before age 59 ,you will have to pay a ____ federal income tax penalty.
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Question

If you withdraw funds from a pension plan before age 59  ,you will have to pay a ____ federal income tax penalty.

Quizplus · Accepted Answer

If you withdraw funds from a pension plan before age 59 1/2, you will have to pay a 10% federal income tax penalty in addition to any regular income tax due on the distribution, unless an exception applies.

If You Withdraw Funds from a Pension Plan Before Age