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A person may be eligible for a penalty-free 401k withdrawal for total disability, debt from medical expenses over 7.5 percent of adjusted-gross income, court-ordered payments, or being laid-off, quitting or retiring earl... More »

www.reference.com Business & Finance Financial Planning

When a person younger than 59 and a half withdraws money from an individual retirement arrangement, or IRA, there may be a 10 percent tax on the distributions that are part of the person's gross income during the year of... More »

www.reference.com Business & Finance Financial Planning

The Canadian government calculates tax penalties on withdrawals from a Registered Retirement Savings Plan based on the withdrawal's purpose and amount and the account holder's province, according to Investopedia. Account... More »

www.reference.com Business & Finance Financial Planning
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There is no minimum age to withdraw funds from a traditional IRA, although there is a 10 percent early withdrawal penalty for individuals under the age of 59 1/2, according to Fidelity Investments. Withdrawals from Roth ... More »

Owners of 457 accounts can take distributions at any age without owing an early withdrawal penalty, as long as they retire or leave their jobs, according the CDC Federal Credit Union. Account owners must pay income taxes... More »

www.reference.com Business & Finance Financial Planning

If the individual wishing to withdraw from an IRA is under the age of 59 1/2 and does not want to face a 10 percent tax penalty, the withdrawal must go toward a major expense, such as college tuition, says CNN Money. The... More »

www.reference.com Business & Finance Financial Planning

While most retirement funds can be accessed without an early withdrawal penalty at age 59 1/2, specific types of retirement funds may be accessible earlier under certain circumstances, as U.S. News & World Report explain... More »

www.reference.com Business & Finance Financial Planning