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12 Ways to Avoid the IRA Early Withdrawal Penalty
WebNov 3, 2023 · IRA early withdrawals that can be penalty-free include expenses for healthcare and college. If you withdraw money from your traditional Individual Retirement Account (IRA) before age 59½,...
WebJan 10, 2023 · Yes, there may be a 10% penalty if you withdraw money early from your Roth IRA, but only if you're withdrawing from your earnings (the money that your money has earned in interest from...
WebNov 17, 2023 · The 60-day rule. One of the riskier ways to temporarily access IRA funds without taxes or penalties -- if you really need the money -- is to attempt a 60-day IRA rollover. This IRS rule...
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