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:
401K, IRA and other tax advantaged retirement plans. The key ages at which you can withdraw funds from the most commonly used retirement accounts without paying a penalty are: 401K and 403b retirement plans are generally company sponsored and the age at which you can start taking penalty (10%) free withdrawals is 59Â½ .However, you must start taking the minimum distribution (based on a variety of factors) by age 70Â½.lso, the IRA age limit for withdrawal still applies where you can only take penalty (10%) free distributions after you reach age 59Â½. A Roth IRA also allows you to take a one-time penalty and tax free $10,000 withdrawal if buying your first home.