Are you under the age of 59 ½ and need to pull cash out of your retirement savings? Before you touch your account, you need to understand the massive 10% early withdrawal penalty the IRS will slap on your money!

In this video, Shawn Plummer from The Annuity Expert breaks down exactly how the 10% IRS penalty applies to annuities. He explains the critical difference between Qualified annuities (where the penalty hits your entire withdrawal) and Non-Qualified annuities (where the penalty only hits your gains based on "LIFO" accounting).

But there is good news! Shawn candidly reveals the completely legal IRS loopholes you can use to pull your money out early without taking a 10% haircut. He explains how to set up a 72(t) or 72(q) fixed distribution, how the "Rule of 55" might save you, and how buying a SPIA (Single Premium Immediate Annui ...