Tapping retirement accounts penalty-free before 59 1/2
Workers are retiring earlier these days, whether by choice or not, and many find they need to withdraw funds from retirement accounts prior to age 59 1/2. That’s the age when account holders can take distributions from 401(k) plans and traditional and Roth IRAs without a 10 percent penalty. Tax law makes early withdrawals difficult without penalty, but if you need to tap the resources in your retirement accounts early, you have options…Read More
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