rschule1
Expert Alumni

Get your taxes done using TurboTax

Hi There:

 

It reads as though you might have taken money out of a retirement plan to invest in the scheme. I hope not, but if this is the case,  then a a Ponzi investment will not not prevent an early withdrawal penalty.  For easy reference, the below link offers an easy guide to the penalty exception rules.

 

 Penalty exceptions 

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