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Can you withdraw money from a mutual fund without penalty 2024?

Amelia Kim | 2023-05-07 11:50:06 | page views：1742
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Isabella Diaz

Studied at the University of Seoul, Lives in Seoul, South Korea.
If your mutual funds are in a retirement account and you are younger than 59 1/2 years old, the penalty for cashing out is 10 percent plus any income taxes owed on capital gains. If you didn't pay income tax on the money before it was deposited to your retirement account, that money is taxed as regular income.
2023-05-16 11:50:06
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Benjamin Smith

QuesHub.com delivers expert answers and knowledge to you.
If your mutual funds are in a retirement account and you are younger than 59 1/2 years old, the penalty for cashing out is 10 percent plus any income taxes owed on capital gains. If you didn't pay income tax on the money before it was deposited to your retirement account, that money is taxed as regular income.
How to Cash Out a Mutual Fund Early - Budgeting Money
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