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2. COVID Relief: Penalty-Free 401(k) & IRA Withdrawals - AOL

   www.aol.com/covid-relief-penalty-free-401...

   Essentially, if you needed cash, you could take up to $100,000 from your retirement plan, even if you are under the normal minimum age of 59.5, without being assessed the 10% penalty charged on ...

3. Roth IRA Withdrawals: Avoid Penalties and Maximize Your ... - AOL

   www.aol.com/roth-ira-withdrawals-avoid-penalties...

   You can withdraw earnings tax and penalty free if you meet these two conditions. A non-qualified withdrawal applies to withdrawing earnings when you are under 59½ and the account has been open ...

4. 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 ...

5. IRA Early Withdrawal Rules and Penalties for 2024 - AOL

   www.aol.com/ira-early-withdrawal-rules-penalties...

   Rule 72(t) allows early withdrawals without penalties if you take at least five equal periodic payments from your account over at least five years. The IRS limits the ways you may withdraw by ...

6. 7 key IRA withdrawal dates for taxpayers: How to take ... - AOL

   www.aol.com/finance/7-key-ira-withdrawal-dates...

   The Roth IRA five-year rule says you can only withdraw earnings tax-free from your Roth IRA once it’s been at least five years since the tax year you first contributed to a Roth IRA. The rule ...

7. Tax-Free IRA Withdrawals: Is It Possible? - AOL

   www.aol.com/avoid-paying-taxes-ira-withdrawals...

   Tax lien – If the Internal Revenue Service (IRS) places a tax lien on your property because you owe back taxes, you can withdraw from your IRA to pay your back taxes.

8. How to withdraw retirement funds: Learn 9 smart ways - AOL

   www.aol.com/finance/withdraw-retirement-funds...

   “As much as 70 percent of your hard-earned retirement funds can be eaten up by income, estate and state taxes,” says IRA guru Ed Slott, author of the retirement-planning books “Fund Your ...

9. A 50-year-old man used an obscure IRS rule to withdraw $20K a ...

   www.aol.com/finance/50-old-man-used-obscure...

   By leveraging this rule, Cooper successfully withdrew $20,000 annually from his IRA without incurring the 10% early-withdrawal penalty. The withdrawal bucks conventional wisdom about taking money ...