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from a qualified account before he or she is eligible to do so, the IRS imposes a 10% penalty on the amount withdrawn.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 Italian Renaissance was between 1350 and 1550 and signified the rebirth of the classics. The Romantic Era started in the late 18th century. Some aspects that they both focused on were individual thought and art. However, the Renaissance focused on humanism and the Romantic Era focused on Romanticism.