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

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    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 ...

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

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

    You can withdraw up to $1,000 yearly from qualified retirements (401(k), 403(b), 457(b) or IRAs without incurring a 10% tax penalty. Tax Liability . All withdrawals are subject to ordinary income tax.

  5. 401 (k) Withdrawals Made Simple: What Age Can You Go ... - AOL

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    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.

  6. 401(k) and IRA hardship withdrawals – 5 ways to minimize ...

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    The IRS demands that the 401(k) withdrawal is the last resort. ... an IRA owner can avoid the 10 percent bonus penalty in the following scenarios: ... Separation from service after age 55. Medical ...

  7. 5 Pitfalls to Avoid If Most of Your Retirement Savings Is in ...

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    With a 401(k), a 10% early withdrawal penalty can apply for removing funds before age 59 1/2. There can be exceptions if you leave your employer the calendar year you turn 55.

  8. 9 Ways to Avoid 401(k) Fees and Penalties - AOL

    www.aol.com/news/9-ways-avoid-401-k-fees...

    Avoid the 401(k) early withdrawal penalty. If you withdraw money from your 401(k) account before age 59 1/2, you will need to pay a 10% early withdrawal penalty, in addition to income tax, on the ...

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

    www.aol.com/finance/withdraw-money-401-k-early...

    But you’ll owe ordinary income tax and a 10% penalty if you withdraw earnings (i.e. gains and dividends your investments made inside the account) from your Roth 401(k) prior to age 59 1/2.

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