A SEPP plan allows you to withdraw from a 401(k) or traditional IRA before age 59 1/2 without paying a 10% penalty. Here's how. The Motley Fool: How You Can Access Retirement Funds Early Without Penalty Between the early withdrawal penalty and the sudden jump in your tax bracket, cashing out your retirement early can leave you in more debt than you started with.

Understanding the Context

The Sacramento Bee on MSN: Can I get fined for filing my taxes late in California? Not paying? What to know Can I get fined for filing my taxes late in California? Not paying?

Key Insights

What to know n. 1. The act of paying or state of being paid. 2. Money given in return for work done; salary; wages.

Final Thoughts

3. a. Recompense or reward: Your thanks are pay enough. Pay means to settle a bill or a debt, such as paying the check at a restaurant or paying your electric bill. Sometimes you can pay in advance, meaning you pay for the product or service before you receive it. It is inexcusable for students to be paying the price for backroom deals in the student loan industry.