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Community: Investing Wiki

Term Of The Hour

replace early IRA-distribution: Original post by Emily Weller of Demand Media If you make a withdrawal from your IRA before you are 59 1/2, you can avoid the 10 percent early withdrawal penalty by replacing the exact amount of money in your account or by starting a new IRA within 60 days of the date of the withdrawal. Even if you replace the money into the same account, the Internal Revenue Service considers the withdrawal and…

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