A Roth IRA gives you tax-free growth and withdrawals in retirement — but only if you follow the rules. Take money out too soon and you’ll face income taxes plus a 10% Roth IRA early withdrawal penalty ...

In the current volatile economy, it may not be surprising if clients want to raid their retirement savings before age 59½. It’s never a good idea, experts say, but if it’s absolutely necessary, there ...

Early withdrawals from a traditional IRA will result in a 10% penalty and taxes owed on the withdrawn amount. You can withdraw contributions, but not earnings, from a Roth IRA at any time without ...

There are plenty of ways to minimize your tax liability and that’s especially true when you have worked hard to sock away retirement money. Tax advisors are constantly searching for new ways to avoid ...

Millions of Americans take billions of dollars in early distributions each year. Early distributions—those taken before age 59 ½—are subject to a 10% additional tax or early distribution penalty.

IRAs are tax-advantaged accounts that the government has strict rules for. Withdrawals made before age 59 1/2 typically have a 10% early withdrawal penalty. Explore all the possible strategies you can ...

An individual retirement account is an excellent way to save for retirement. Many employers allow you to invest pre-tax money in your IRA right from your paycheck, so it’s easy and convenient. However ...

Withdrawals from an IRA that start before required minimum distributions (RMDs) are due can reduce the amount of your future RMDs, although not on a dollar-by-dollar basis. RMDs are calculated based ...

Kristina Byas is contributor at Investopedia. As a personal finance expert, she has lent her insights and knowledge to numerous financial publications. Her articles have helped readers navigate the ...