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Community: Investing Wiki

Term Of The Hour

withdrawing IRA money: Original post by Jeffrey Joyner of Demand Media The Internal Revenue Service (IRS), recognizing that too many people entered retirement with too few assets, ruled that individual retirement accounts (IRAs), can receive favorable tax treatment. Because the IRS' goal is to encourage taxpayers to save for retirement, the agency established a penalty tax for those who make a withdrawal prior to…

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