We’ve covered a lot of ground on how you can access your IRA funds in this blog. Over time I have developed the following list of the ways to withdraw IRA funds without penalty. The penalty for early withdrawal of IRA funds is 10% of the withdrawal, unless one of the exceptions is met. This list is for Traditional IRAs only. For a similar list regarding early withdrawal from a 401k plan, follow this link.
It is key to note that, although these exceptions allow the distribution of funds without triggering the 10% penalty, in most cases the …Read More