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  2. 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 ...

  3. 5 ways to avoid taking early withdrawals on your 401(k ... - AOL

    www.aol.com/finance/5-ways-avoid-taking-early...

    There are certain circumstances which allow you to make early withdrawals from a 401(k) or an IRA without penalty, but even in those instances the withdrawal is subject to regular income tax. The ...

  4. 8 ways to take penalty-free withdrawals from your IRA or 401(k)

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

    But there are some exceptions that allow for penalty-free withdrawals. ... taking an early withdrawal from your 401(k) or IRA will result in an additional 10 percent penalty on top of income taxes ...

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

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

    Continue reading → The post COVID Relief: Penalty-Free 401(k) & IRA Withdrawals appeared first on SmartAsset Blog. ... rules for taking early distributions from retirement savings plans ...

  6. 401(k) withdrawal rules: What to know before cashing out ...

    www.aol.com/finance/what-are-401k-withdrawal...

    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?

  7. Comparison of 401(k) and IRA accounts - Wikipedia

    en.wikipedia.org/wiki/Comparison_of_401(k)_and...

    When still employed with employer setting up the 401(k), loans may be available depending upon the plan, not more than 50% of balance or $50,000. No Early Withdrawal Generally no when still employed with employer setting up the 401(k). Otherwise, 10% penalty plus taxes. There are some exceptions to this penalty. [9]

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