How to Avoid the Early Withdrawal Tax Penalty on IRA Distributions
RogerRossmeisl
AUGUST 28, 2022
When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are when you take them and what you do with the money. Important: Once you reach a certain age, you must start taking required minimum distributions from your traditional IRAs to avoid a different tax penalty.
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