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2. 8 ways to take penalty-free withdrawals from your IRA or 401(k)

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

   You do not have to itemize deductions to take advantage of this ... taking an early withdrawal from your 401(k) or IRA will result in an additional 10 percent penalty on top of income taxes. There ...

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

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

   If you start withdrawing your earnings from your money then an early withdrawal will trigger taxes. You will have to pay a penalty of 10% on both types of accounts if you withdraw before you are ...

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

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

   Traditional IRA Withdrawal Penalties. Traditional, Rollover and SEP IRAs share the same early withdrawal rules. Generally, unless you meet the criteria for an exception, the IRS penalizes ...

5. Can I Borrow from an IRA Without Penalties? - AOL

   www.aol.com/finance/borrow-ira-without-penalties...

   Any funds not placed in the new IRA within that time frame are treated as an early withdrawal and incur a 10% penalty and taxes. IRA Early Withdrawal Exemptions ... deduction without owing taxes ...

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

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

   Withdrawal Penalty: The IRS will impose a 10% penalty on the earnings portion of the withdrawal if you are under 59½, unless an exception applies. Exceptions to the Early Withdrawal Penalty First ...

7. Should you use retirement savings to pay off debt? - AOL

   www.aol.com/finance/retirement-savings-pay-off...

   If you’re in the 25 percent tax bracket and you’re under 59 ½ years old, you’d pay a 10 percent early withdrawal penalty. This means you’d lose $7,000 to taxes and penalties, leaving you ...

8. 7 key IRA withdrawal dates for taxpayers: How to take ... - AOL

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

   The standard age to avoid penalties for an early withdrawal from either a traditional IRA or Roth IRA is age 59½. ... you can avoid needless taxes and penalties on your IRA, ensuring that you ...

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

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

   This law lets individuals aged 70 1/2 or older make tax-free donations, known as qualified charitable distributions, of up to $100,000 annually directly from their IRAs to a charity as part of ...