What is Principal Financial's withdrawal policy for retirement accounts?

Principal Financial's withdrawal policy for retirement accounts allows account holders to make withdrawals from their retirement savings. Different retirement plans have different rules and restrictions regarding withdrawals. In general, individuals can start making penalty-free withdrawals once they reach the age of 59 ½. However, if withdrawals are made before this age, they may be subject to taxes and a 10% early withdrawal penalty. Principal Financial offers various retirement account options, including 401(k) plans and individual retirement accounts (IRAs), each with its own specific withdrawal guidelines. It is essential for account holders to review the terms and conditions of their specific retirement plan to understand the withdrawal policies and potential implications.