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:
Early distribution penalty. Subject to various exceptions, if you take a withdrawal from a traditional IRA before you reach age 59Â½, any part of the distribution that is taxable is also subject to a 10% penalty. Instead of taking money directly from a traditional IRA, use a conversion to move it to a Roth IRA.