Distributions that occur before the individual reaches the age of 59.5 are subject to a 10% early-distribution penalty. For SIMPLE IRAs, this 10% penalty is increased to 25% if the individual receives a distribution within two years of the first contribution made to his or her SIMPLE IRA account.The 10% penalty is in addition to any income tax owed on the amount.or SIMPLE IRAs, this 10% penalty is increased to 25% if the individual receives a distribution within two years of the first contribution made to his or her SIMPLE IRA account.
Southside, or Southside Virginia has traditionally referred to the portion of the state south of the James River, the geographic feature from which the term derives its name. This was the first area to be developed in the colonial period.
Intersection of Interstates 77 and 81 in Southwest Virginia. You can search the world over and not find another community named Wytheville. Thatâs only the beginning of this small townâs uniqueness. Located at the intersection of two major north-south arteries, Interstates 77 & 81, this charming small town in the mountains of Southwest Virginia offers a variety of musical entertainment, shopping opportunities, rich history and abundance of outdoor recreation.