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7:24
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The Tax Geek
Early Retirement Distribution Penalties (and how to avoid them.)
If you take money out of any tax-deferred retirement account, such as 401(k), or IRA, before age 59-1/2, the distribution will be subject to an additional 10% penalty tax on the amount withdrawn. This video describes how the penalty works, and tells you under what circumstances you can get an exception to the penalty. 2025 UPDATE: For ...
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