Penalty Exceptions for Early IRA Withdrawal : Yielding Wealth – Personal Finance Tips – Money Management Advice
28 May, 2009 | Written by Gossipgrrl | under News
Fearless web patrol found this L3AK of interest page Penalty Exceptions for Early IRA Withdrawal : Yielding Wealth – Personal Finance Tips – Money Management Advice worth a look.
From the page: “Distributions taken from a Traditional IRA before the IRA holder reaches age 59½ are called early distributions. The amount included as income is subject to a 10 percent penalty under the federal tax code. However, there are a few exceptions where the 10 percent penalty does not apply. With many investors forced to dip into retirement savings, it is important to find out in advance if you might qualify for an exemption. “
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