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2. How Can I Get My RMD Penalty Waived? - AOL

   www.aol.com/rmd-penalty-waived-155608767.html

   RMD shortfalls result in heavy penalties for the missed amount. Fortunately, Form 5329 allows you to appeal to the IRS for a penalty waiver. Sending a penalty waiver letter is an essential part of ...

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

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

   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: ... There are instances where the penalty is waived, but ...

4. The IRS Just Updated the Required Minimum Distribution (RMD ...

   www.aol.com/irs-just-updated-required-minimum...

   The federal government encourages retirement savings by offering a tax break for anyone ... The penalties for missing a required distribution can be quite steep. ... The IRS waived the ...

5. Required minimum distribution - Wikipedia

   en.wikipedia.org/wiki/Required_minimum_distribution

   Required minimum distributions (RMDs) are minimum amounts that U.S. tax law requires one to withdraw annually from traditional IRAs and employer-sponsored retirement plans. In the Internal Revenue Code itself, the precise term is " minimum required distribution ". [1] Retirement planners, tax practitioners, and publications of the Internal ...

6. 401(k) and IRA hardship withdrawals – 5 ways to minimize ...

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

   For example, qualified first-time homebuyers can take a hardship distribution of up to $10,000 from a 401(k), but they’ll still pay that 10 percent penalty. For IRAs, however, the withdrawal ...

7. How to plan your retirement withdrawal strategy: 4 smart ...

   www.aol.com/finance/maximizing-returns-from...

   Planning to tap into your retirement accounts that require RMDs helps you dodge some hefty penalties. Fines range from 10% to 25% of the required distribution you didn’t take in time, which ...