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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...

   And there are limits to how much you can borrow, per IRS rules. You won’t be able to access more than (1) the greater of $10,000 or 50 percent of your plan balance or (2) $50,000, whichever is ...

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

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

   Here are the ways to take penalty-free withdrawals from your IRA or 401(k) 1. Unreimbursed medical bills ... The same rules apply to a Roth 401(k), but only if the employer’s plan permits ...

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

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

   4. Focus on your Roth IRA first. Instead of a 401(k) hardship withdrawal, tap your Roth IRA first. Accessing a Roth IRA provides an advantage over a hardship withdrawal, and you won’t even need ...

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. IRA Early Withdrawal Rules and Penalties for 2024 - AOL

   www.aol.com/ira-early-withdrawal-rules-penalties...

   Here are the rules for different IRA types: Traditional IRA Withdrawal Penalties. Traditional, Rollover and SEP IRAs share the same early withdrawal rules. Generally, unless you meet the criteria ...