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  2. 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?

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

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    Early withdrawals from a 401(k) will likely present long-term financial downsides. Usually withdrawing from your 401(k) prior to turning 59 1/2 results in a 10% early withdrawal penalty. The ...

  4. 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.

  5. 6 Steps You Must Take Before Withdrawing Any Money From Your ...

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    The biggest caveat when it comes to 401(k) withdrawals is that you’ll be hit with a 10% early distribution penalty if you take money out before you reach age 59.5.

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

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    Making an early withdrawal from your 401(k) might sound like a tempting idea — after all, it is your money. But once you know the ramifications, you may feel differently. There are two types of ...

  7. 401(k) Withdrawal Age and Early Withdrawal Rules - AOL

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    Once you reach age 59.5, you may withdraw money from your 401(k) penalty-free. If you tap into it beforehand, you may face a 10% penalty tax on the withdrawal in addition to income tax that you ...

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  9. Do 401(k) Withdrawals Before I Turn 73 Count Toward My RMDs?

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    You can also reduce, avoid or delay taking RMDs until after the usual effective age of 73 by using 401(k) funds to buy special annuities, converting 401(k) funds to a Roth account that is not ...

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