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:
The age at which you must begin taking withdrawals from your individual retirement arrangement depends on the type of IRA. The answer differs if you hold the tax-deferred traditional IRA or the tax-free Roth IRA. In both cases, the minimum age from which you can take distributions without penalty is 59 1/2. If someone leaves you an IRA, the rules are more complicated and depend on the decedent's age.