The Richest Man in Babylon In good times and bad, consistently saving a percentage of your income is a sound financial practice. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content IRA Withdrawals that Escape the 10% Tax Penalty The list of IRA withdrawals that may be taken without incurring a 10% early penalty has grown. The Financial Literacy Crisis Many Americans are operating their personal finances with only the barest minimum of knowledge. Systematic Withdrawals in Retirement Taking regular, periodic withdrawals during retirement can be quite problematic.