The 72(t) distribution rule allows retirement savers to make penalty-free retirement account withdrawals before age 59 1/2. Early IRA account access can be enticing but can also come with longer-term ...

Most retirees 73 and older must take RMDs from at least some of their retirement accounts by Dec. 31. Failing to take RMDs can result in a penalty of up to 25% on the amount you should have withdrawn.