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2. 401(k) withdrawal rules: What to know before cashing out ...

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   Early 401(k) withdrawals have important tax implications to consider and, ideally, should be avoided. “The early withdrawal penalty amounts to an additional 10% federal tax on the distribution.

3. 5 Unknown Consequences of Withdrawing Early From Your 401(k)

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   “The IRS charges a 10% penalty tax for early 401(k) withdrawals. That’s on top of the taxes you pay for making any 401(k) withdrawal,” said Todd Stearn of The Money Manua l.

4. What Do I Need to Know About 401(k) Withdrawal Taxes? - AOL

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   401(k) Withdrawal Taxes and Early Distributions. You might find yourself in a situation where you need the money in your 401(k) before you reach 59 1/2 years of age. The account is designed to be ...

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

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   You can withdraw your contributions (that’s the original money you put into the account) tax- and penalty-free. But you’ll owe ordinary income tax and a 10% penalty if you withdraw earnings (i ...

6. 401(k) Withdrawals Made Simple: What Age Can You Go Tax ... - AOL

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   A 401(k) is an employer-sponsored retirement account. Like other tax-advantaged savings accounts, 401(k) accounts offer a way to invest money without paying taxes. However, if you withdraw funds...

7. 401(k) and IRA hardship withdrawals – 5 ways to minimize ...

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   So if they need the money for other hardship reasons (such as a principal residence, tuition or funeral expenses), account owners will still end up paying the 10 percent penalty tax. 4. Focus on ...