457 plans allow for early withdrawal without the standard 10 percent penalty tax applied to other types of retirement plans, according to Nationwide Mutual Insurance Company. However, though the typical penalty does not ... More »

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The 457(b) plan is a type of retirement plan that is only available to state or federal employees or employees of tax-exempt organizations, as of 2015, according to the Internal Revenue Service (IRS). It works in much th... More »

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Investors withdrawing from an individual retirement account (IRA) before they reach the age of 59 1/2 will have to file a 1040 form showing the withdrawal and accepting an additional tax burden for early withdrawal. This... More »

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IRA plan owners must pay a 10 percent penalty tax in addition to standard income tax when they take early withdrawals from their plans, explains the Internal Revenue Service. However, if the withdrawal qualifies as an ex... More »

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Among the Internal Revenue Service rules about 401(k) plans include that the maximum allowable contribution for 2015 is $18,000 and distributions before the participant reaches the age of 59 1/2 are subject to an additio... More »

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Those who take early withdrawals from 401(k) plans must pay a 10 percent penalty tax on the amount of the withdrawal as well as standard income tax, reports the IRS. However, there are a number of exceptions for which th... More »

As of 2015, owners of 401(k) retirement plans can withdraw funds without penalty once they are 59 1/2 years old, reports the Internal Revenue Service. Early distributions are subject to penalty taxes unless they qualify ... More »

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