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:
Once you reach that magic age, you can take out as much money as you want, in a lump sum or periodic payments, all subject to specific tax rules. Equal Payments One way to withdraw money from a traditional IRA early without the tax penalty is to take substantially equal periodic payments. This is a withdrawal plan that draws out a certain percentage of your contributions each year, based on an IRS formula for the amount in your fund and your life expectancy.