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Term Of The Hour

ira medical distribution: Original post by Alia Nikol of Demand Media All distributions you receive from your individual retirement account (IRA) are subject to income tax. However, if you withdraw IRA funds before you reach age 59 1/2, your distribution is also subject to a 10 percent early withdrawal penalty. The IRS waives a portion of the early withdrawal penalty for taxpayers below retirement age when the taxpayer…

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