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  2. 401(k) Early Withdrawal Penalty: What You Need To Know - AOL

    www.aol.com/401-k-early-withdrawal-penalty...

    To discourage early withdrawals, the IRS imposes a 10% penalty on any funds withdrawn from your 401(k) before you reach age 59 ½. If you withdraw $10,000 from your 401(k), you’ll pay $1,000 in ...

  3. How To Withdraw Money From Your 401(k) - AOL

    www.aol.com/withdraw-money-401-k-180046714.html

    Early withdrawals from a 401(k) will likely present long-term financial downsides. Usually withdrawing from your 401(k) prior to turning 59 1/2 results in a 10% early withdrawal penalty. The ...

  4. 401(k) and IRA hardship withdrawals – 5 ways to minimize ...

    www.aol.com/finance/401-k-ira-hardship...

    Pick the “right” 401(k) withdrawal reasons. While the IRS may allow you to make a hardship withdrawal, that doesn’t mean you’ll escape the 10 percent penalty tax (again, on top of what you ...

  5. 401(k) withdrawal rules: What to know before cashing out ...

    www.aol.com/finance/what-are-401k-withdrawal...

    Based on 401(k) withdrawal rules, if you withdraw money from a traditional 401(k) before age 59½, you will face — in addition to the standard taxes — a 10% early withdrawal penalty. Why?

  6. 5 Unknown Consequences of Withdrawing Early From Your 401(k)

    www.aol.com/5-unknown-consequences-withdrawing...

    “The IRS charges a 10% penalty tax for early 401(k) withdrawals. That’s on top of the taxes you pay for making any 401(k) withdrawal,” said Todd Stearn of The Money Manua l.

  7. 401(k) Withdrawals Made Simple: What Age Can You Go Tax-Free?

    www.aol.com/401-k-withdrawals-made-simple...

    The minimum age for penalty-free withdrawals from your 401(k) account is 59 ½, and the IRS requires retirees to start making withdrawals by age 73. There are some caveats to this age restriction.

  8. How To Avoid Paying Taxes on 401(k) Withdrawals - AOL

    www.aol.com/avoid-paying-taxes-401-k-204206325.html

    The early withdrawal penalty adds an additional 10% tax to your 401(k) withdrawal taxes. You can save a bit of money by avoiding that penalty. The simplest way to avoid the 10% additional tax is ...

  9. 8 ways to take penalty-free withdrawals from your IRA or 401(k)

    www.aol.com/finance/8-ways-penalty-free...

    Generally, if you withdraw money from a 401(k) before the plan’s normal retirement age or from an IRA before turning 59 ½, you’ll pay an additional 10 percent in income tax as a penalty. But ...

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