If an investor chooses to take a premature distribution from a qualified account before he or she is eligible to do so, the IRS imposes a 10% penalty on the amount withdrawn. The money is also taxed as ordinary income in the year the investor withdraws it.
Updated: 13 October 2016. Although it is best known for its cultural and artistic advancements, the Italian Renaissance was also a period of significant scientific progress too. We take a look at some of the eraâs most interesting inventions, from Leonardo da Vinciâs parachute to Galileoâs precursor to the modern thermometer.
The Renaissance was an era of cultural rebirth and achievement that occurred in Italy during the fourteenth, fifteenth, and sixteenth centuries.The period can be best described as the rise of humanism, which was an intellectual movement that emphasized secular ideas found in literature from Ancient Greece and Rome.Among these ancient ideas was a newfound faith in the individual.he Renaissance was an era of cultural rebirth and achievement that occurred in Italy during the fourteenth, fifteenth, and sixteenth centuries.