Under what circumstances can I take an early distribution (before age 59-½) from my Traditional IRA without an early withdrawal tax penalty?
You are able to take a distribution from your Traditional IRA for • a first-time home purchase ($10,000 lifetime limit), • higher education expenses, • non-reimbursed medical expenses up in excess of 7.5% of adjusted gross income, • disability expenses, • death expenses, • health insurance premium expenses while unemployed and • substantially equal period payments.
Related Questions
- Under what circumstances can I take an early distribution (before age 59-½) from my Traditional IRA without an early withdrawal tax penalty?
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