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

    www.aol.com/finance/what-are-401k-withdrawal...

    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)

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

    6. First-time homebuyers. Though you may take money out of your 401 (k) to use as a down payment, expect to pay a 10 percent penalty. However, take the money from your IRA, and it’s penalty-free ...

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

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

    Those rules were eased this year. 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 ...

  6. 401(k) Hardship Withdrawals: What You Need To Know - AOL

    www.aol.com/401-k-hardship-withdrawals-know...

    A 401(k) hardship withdrawal is the process of accessing funds in your workplace 401(k) account before retirement age (currently age 59 ½). While there are typically penalties for withdrawing ...

  7. You Can Now Withdraw $1K From Your 401(k) Penalty-Free - AOL

    www.aol.com/finance/now-withdraw-1k-401-k...

    As of the beginning of this year, the Secure Act 2.0 allows Americans to withdraw up to $1,000 from tax-advantaged retirement accounts to pay for "unforeseeable or immediate financial needs ...

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