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  2. Dave Ramsey: This Is the Only Reason You Should Cash ... - AOL

    www.aol.com/dave-ramsey-only-reason-cash...

    The reason? Early withdrawals have steep penalties. For example, if you withdraw from an IRA without a valid reason, the IRS will charge you a 10% tax penalty. Plus, the amount you withdraw may be ...

  3. 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?

  4. 5 ways to avoid taking early withdrawals on your 401(k ... - AOL

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    A cash advance will likely set you back a fee of 3 to 5 percent of the loan amount, however. ... Many Americans with retirement plans take early withdrawals, but it’s usually best if you can ...

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

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

    Withdrawing money from a 401(k): Taking cash out early can be costly An unexpected job loss , illness or other emergencies can wreak havoc on family finances, but taking an early withdrawal from ...

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

    www.aol.com/finance/401-k-ira-hardship...

    A hardship withdrawal allows the owner of a 401(k) plan or a similar retirement plan — such as a 403(b) — to withdraw money from the account to meet a dire financial need.

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

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

    How to avoid early withdrawals. Tapping your retirement savings should only be used as a last resort. Here are some ways to avoid accessing your 401(k) or IRA early: Build an emergency fund.

  8. The Pros and Cons of Withdrawing on Your 401(k) Early - AOL

    www.aol.com/finance/pros-cons-withdrawing-401-k...

    On top of that, you’ll be hit with a 10% early withdrawal penalty, courtesy of the IRS. Find Out: 50 Ways You’re Throwing Money Away Forget Your 401(k) Exists Unless You’re Really Desperate

  9. How To Withdraw From a 401(k) Early - AOL

    www.aol.com/withdraw-401-k-early-194231616.html

    How much will I get if I cash out my 401(k) early? Cashing out your 401(k) early typically comes with a 10% penalty tax, plus the cash would be subject to income tax if it hasn't already been paid.

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