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2. 401(k) and IRA hardship withdrawals – 5 ways to minimize ...

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

   What is a hardship withdrawal? Retirement plans such as a 401(k) or 403(b) may allow you to take hardship withdrawals. The situation is a bit different for IRA accounts, which permit early ...

3. 8 ways to take penalty-free withdrawals from your IRA ... - AOL

   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 ... Many do, but they may permit hardship withdrawals only in certain situations — for ...

4. IRA Hardship Withdrawal: How to Avoid Penalties - AOL

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   Normally, you can’t withdraw money from your traditional individual retirement account (IRA) until you reach age 59.5 without facing a penalty tax. But you can avoid this sanction if you make an ...

5. How Does a Simplified Employee Pension (SEP) Work for ... - AOL

   www.aol.com/does-simplified-employee-pension-sep...

   But you must take required minimum distributions or RMDs from a SEP-IRA or traditional IRA once you reach 73. Withdrawals of contributions and account earnings are subject to ordinary income tax.

6. 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 ...

7. 5 ways to avoid taking early withdrawals on your 401(k)s and IRAs

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

   Hardship: You may be able to take a penalty-free distribution from a 401(k) if you can show an immediate and heavy financial need, according to the IRS. The withdrawal is limited to the amount ...

8. A new law lets you pull $1,000 from your retirement fund for ...

   www.aol.com/finance/now-tap-retirement-account-1...

   Since January, penalty-free withdrawals of up to $1,000 have been allowed for personal emergencies, under the SECURE Act 2.0, which made other significant changes to retirement plans.

9. Should you use retirement savings to pay off debt? - AOL

   www.aol.com/finance/retirement-savings-pay-off...

   In certain situations, you might be able to avoid the penalty — but not income taxes — if you qualify for a hardship or penalty-free withdrawal (more on that below). Roth IRAs offer a bit more ...