Does the 10 Percent IRS Premature Distribution Apply if I Withdraw My Money Before Age 59½?

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Does the 10 Percent IRS Premature Distribution Apply if I Withdraw My Money Before Age 59½?

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The 10 percent IRS penalty does not apply to earnings you withdraw when you take any of the qualified distributions listed above. In addition, the 10 percent penalty is also waived for certain other distribution reasons. But, for these distributions, taxes on any earnings will apply.

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