Webster Dictionary(3.00 / 1 vote)Rate this definition: Ballad(noun) a popular kind of narrative poem, adapted for recitation or singing; as, the ballad of Chevy Chase; esp., a sentimental or romantic poem in short stanzas.
If you make an early withdrawal from a qualified retirement plan, the amount is added to your gross income (unless you meet one of the early withdrawal exceptions). As part of your gross income, you will owe tax on the distribution at your normal effective tax rate.
One way to withdraw money from a traditional IRA early without the tax penalty is to take substantially equal periodic payments.. This is a withdrawal plan that draws out a certain percentage of your contributions each year, based on an IRS formula for the amount in your fund and your life expectancy.