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:
If you convert money from another account to a Roth IRA before age 59 1/2, you must wait five years from the date of the conversion to withdraw the converted monies penalty free. If you turn 59 1/2 before five years have passed, you are eligible to take a distribution tax and penalty-free.ge 59 1/2 Rule and Five-Year Rule. You can withdraw your contributions to a Roth IRA at any time under any circumstances. Earnings, however, are another story. You must reach the age of 59 1/2, and your Roth IRA must have been open for five years, before you can take out any earnings with no taxes or penalties.