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TAX PLANNING

What Exactly Are The Penalties For Withdrawing From Your Roth IRA?

By The BIDaWIZ Team on April 5th, 2013 at 4:00 pm

Many taxpayers that have socked away money each year towards their individual retirement accounts (IRAs) know that there are usually penalties and tax liabilities due if you withdraw prior to reaching the age of 59 1/2. However, as it relates to roth IRAs, the 10% early withdrawal penalty doesn't always apply. .
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