Quick Answer. Chemical reactions occur because different types of molecules interact with each other to create new substances. Many of these interactions happen naturally and are not man-made. When one molecule interacts with another one, a chemical reaction occurs due to the breaking of old bonds and the forming of new ones.
(iStockPhoto). Withdrawals from individual retirement accounts before age 59 1/2 typically trigger a 10 percent early withdrawal penalty. However, there are several exceptions to the penalty if you meet certain circumstances or spend the money on specific purchases. Here are 10 ways to avoid the IRA early withdrawal penalty:
1) Contributions. Tax free in /tax free out. An investor can take out the exact amount of his or her Roth IRA contributions at any time, for any reason without having to pay any tax or penaltyâwith one big caveat. The earnings from your principal cannot normally be withdrawn prior to age 59Â½ without paying the 10% early withdrawal penalty. Earnings can generally be withdrawn without penalties after age 59Â½, provided you meet the five-year rule (see below).