Ira Withdrawal Penalties
December 24th, 2006
Question: What are the penalties incurred for early Ira Withdrawal of 50k to start a business?
Answer: It does not make any difference that you use the funds to start a business. It may be better to look for a bank that will loan you the funds – if you have the assets to draw out $50,000 they may use those assets to support a loan…
Retirement Savings – IRA Withdrawals, Rules and Penalties
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