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

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   The minimum withdrawal age for a traditional 401 (k) is technically 59½. That’s the age that unlocks penalty-free withdrawals. You can withdraw money from your 401 (k) before 59½, but it’s ...

3. 8 ways to take penalty-free withdrawals from your IRA or 401(k)

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   Some hardship situations qualify for a penalty exemption from an IRA or a 401(k) plan, but note that penalty-free does not mean tax-free: Withdrawals from traditional IRA and 401(k) plans made ...

4. 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 ...

5. 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.

6. How To Get Around the 401(k) Withdrawal Penalty - AOL

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   Saving for retirement in an employer-sponsored plan like a 401(k) is a smart move. The money is deducted from your paycheck before you even see it, and sometimes your employer will match some or ...

7. 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 ...

8. 5 ways to avoid taking early withdrawals on your 401(k ... - AOL

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   There are certain circumstances which allow you to make early withdrawals from a 401(k) or an IRA without penalty, but even in those instances the withdrawal is subject to regular income tax. The ...

9. Withdrawing IRA or 401(k) Money Early? 8 Ways To Avoid Penalties

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   Note that only direct higher education expenses qualify for penalty-free withdrawals from a traditional IRA or 401(k) account. Student loans and interest payments do not. Hardship Withdrawals