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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 »

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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 »

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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 »

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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 »

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An individual must pay an early IRA withdrawal tax penalty of 10 percent if he is not over the age of 59 1/2 and does not meet the qualifications for the exceptions stated in Publication 590-B, according to the Internal ... More »

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One of the benefits of waiting to make 401(k) withdrawals at least until after age 59 1/2 is the avoidance of an early withdrawal penalty tax, reports the Internal Revenue Service. Additionally, delaying withdrawals from... More »

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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 »

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