Early IRA Withdrawal

8 Exceptions to the 10% Penalty for an Early IRA Withdrawal

IRAs
Thumbnail image for 8 Exceptions to the 10% Penalty for an Early IRA Withdrawal

Need cash?  Thinking about taking an IRA withdrawal? Think long and hard because you may have to pay  a nice little 10% penalty for early IRA withdrawals! IRA penalty – Oh yeah, Uncle Sam will love you! If you are age 59 1/2 or older, you can take an IRA withdrawal without any penalties at all. If […]

IRA Withdrawal Rules – When Can You Withdraw Your IRA?

IRAs
Thumbnail image for IRA Withdrawal Rules – When Can You Withdraw Your IRA?

For some reason I get this question a lot, so I thought I’d provide a little clarification on IRA withdrawal rules. Individual Retirement Arrangements or IRAs were designed to provide an opportunity for folks to save for retirement on a pre-tax, tax-deferred basis.  In other words, the money grows without having to pay any taxes on […]