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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...

   For many people, their biggest stash of savings is hidden away in tax-advantaged retirement plans, such as an IRA or 401(k). Unfortunately, the U.S. government imposes a 10 percent penalty on any ...

3. 401(k) withdrawal rules: What to know before cashing out ...

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   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?

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. Worried about outliving your savings? How to plan your ... - AOL

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   Your money in these traditional retirement accounts has grown tax-deferred, meaning you haven't paid taxes on it. You can tap into these accounts penalty-free once you’re 59 1/2 or older.

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

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

   Normally, any withdrawals from a 401(k), IRA or another retirement plan have to be approved by the plan sponsor, and they carry a hefty 10% penalty. Any COVID-related withdrawals made in 2020 ...

7. Substantially equal periodic payments - Wikipedia

   en.wikipedia.org/wiki/Substantially_equal...

   Substantially equal periodic payments (SEPP) are one of the exceptions in the United States Internal Revenue Code that allows a retiree to receive payments before age 59 1 ⁄ 2 from a retirement plan or deferred annuity without the 10% early distribution penalty under certain circumstances. [1]

8. How to withdraw money from a 401(k) early - AOL

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   Unless you’re 59 1/2 or older, the IRS will tax your traditional 401(k) withdrawal at your ordinary income rate (based on your tax bracket) plus a 10 percent penalty. If you’re tapping a Roth ...

9. What is the rule of 55 and how does it work? - AOL

   www.aol.com/finance/rule-55-does-162351698.html

   Taking a distribution from a tax-qualified retirement plan, such as a 401(k), prior to age 59½ is generally subject to a 10 percent early withdrawal tax penalty. However, the IRS rule of 55 may ...