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2. 8 ways to take penalty-free withdrawals from your IRA or 401(k)

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   Contributions to a Roth IRA can be taken out at any time, and after the account holder turns age 59 ½ the earnings may be withdrawn penalty-free and tax-free as long as the account has been open ...

3. 401(k) Early Withdrawal Penalty: What You Need To Know - AOL

   www.aol.com/401-k-early-withdrawal-penalty...

   In the case of domestic violence or abuse, the victim can take up to $10,000 or 50% of the 401(k) account, whichever is less, as penalty-free distributions. How To Avoid the 401(k) Early ...

4. COVID Relief: Penalty-Free 401(k) & IRA Withdrawals - AOL

   www.aol.com/covid-relief-penalty-free-401...

   Normally, any withdrawals from a 401(k), IRA or another retirement plan have to be approved by the plan sponsor, and they carry a hefty 10% penalty. Any COVID-related withdrawals made in 2020 ...

5. A 50-year-old man used an obscure IRS rule to withdraw $20K a ...

   www.aol.com/finance/50-old-man-used-obscure...

   Advantages: The primary benefit is avoiding the 10% early-withdrawal penalty, preserving more of your retirement savings. Disadvantages : SEPP withdrawals must be maintained for the required duration.

6. 401(k) withdrawal rules: What to know before cashing out ...

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

   Based on 401(k) withdrawal rules, if you withdraw money from a traditional 401(k) before age 59½, you will face — in addition to the standard taxes — a 10% early withdrawal penalty. Why?

7. A new law lets you pull $1,000 from your retirement ... - AOL

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

   But a recent change in tax law makes it easier than ever to tap into your retirement account for $1,000 in case of emergency, penalty-free. Typically, an early withdrawal from a tax-advantaged ...