Get T. Rowe Price FMF2RPCT 2017-2024

T. Rowe Price is best for long-term investors that want support in making their portfolio management and investment decisions, including planning for key life-events such as retirement and college costs. Individual and tax-advantaged retirement mutual fund accounts are T.

If you are under the age of 59½, you may be subject to a 10% early withdrawal penalty. Please consult a tax professional for assistance on actual taxes owed. How do I roll over or transfer a retirement account to a T. Rowe Price IRA?

Withdrawal requests received after 3 p.m. ET on a given business day will be processed the next business day.

What is the 401(k) early withdrawal penalty? If you withdraw money from your 401(k) before you're 59 ½, the IRS usually assesses a 10% tax as an early distribution penalty. That could mean giving the government $1,000, or 10% of a $10,000 withdrawal, in addition to paying ordinary income tax on that money.

Can you withdraw money from a 401(k) early? Yes, you can withdraw money from your 401(k) before age 59½. However, early withdrawals often come with hefty penalties and tax consequences. If you find yourself needing to tap into your retirement funds early, here are rules to be aware of and options to consider.

Cash out. Get immediate access to your retirement savings. The taxable portion of the distribution is generally subject to a mandatory 20% federal income tax withholding (you may owe more or less when you file your taxes), and additional taxes for early withdrawal may apply.

To withdraw assets, contact T. Rowe Price at 1-800-492-7670 or at P.O. Box 17350, Baltimore, MD 21297-17350. Please note that if you have not yet reached age 59½ and no exception applies, you may be subject to a 10% penalty.

If you are under the age of 59½, you may be subject to a 10% early withdrawal penalty. Please consult a tax professional for assistance on actual taxes owed. How do I roll over or transfer a retirement account to a T. Rowe Price IRA?