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    IRA hardship withdrawal: Original post by Mark Kennan of Demand Media Unlike a 401k plan, which only allows early withdrawals in the event of a hardship, you can close your IRA for a hardship or any other reason, but you'll likely have to pay extra at tax time. Understanding the tax effects of closing your IRA for a hardship helps you make a more informed decision about whether to close your IRA or find another source of…

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