Article Highlights: Early Withdrawal Penalties Reduction in Retirement Savings Exceptions from the Early Withdrawal Penalty If you are looking for cash for a specific purpose, your retirement piggy bank may be a tempting source. However, if you are under age 59½ and plan to withdraw money from your Traditional IRA or qualified retirement account, you will likely pay both … [Read more...] about Know the Rules before You Break Open Your Retirement Piggy Bank
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