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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. A new law lets you pull $1,000 from your retirement fund for ...

   www.aol.com/finance/now-tap-retirement-account-1...

   But a recent change in tax law makes it easier than ever to tap into your retirement account for $1,000 in case of emergency, penalty-free. Typically, an early withdrawal from a tax-advantaged ...

4. Early Retirement Hack: A New IRS Rule Lets You Withdraw ... - AOL

   www.aol.com/finance/early-retirement-hack-irs...

   According to the IRS rules, you can avoid the 10% penalty rule on early distributions before 59 ½ with a SEPP plan in which money is distributed for a period of five years or until the you turn ...

5. A New IRS Rule Let's You Borrow From Your 401(k) Without ...

   www.aol.com/irs-rule-lets-borrow-401-210015075.html

   The IRS just rolled out a new rule that lets you pull up to $1,000 from your IRA or 401(k) without providing any reason or documentation. ... You can withdraw up to $1,000, but you must have at ...

6. 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 ...

7. 8 ways to take penalty-free withdrawals from your IRA or 401(k)

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

   Further, you can take more than one penalty-free withdrawal to buy a home, but there is a $10,000 limit. For example, says Rothstein, “You can do two $5,000 withdrawals, but $10,000 is the ...

8. 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 ...

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

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

   You will have to pay a penalty of 10% on both types of accounts if you withdraw before you are 59 1/2. There are some hardship exceptions regarding the early withdrawal penalty and taxes.