When can you withdraw money from a mutual fund 2024?
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Studied at the University of Cape Town, Lives in Cape Town, South Africa.
If your mutual funds are held inside of a traditional IRA, you will pay a tax penalty in most cases if you withdraw the money before you reach age 59 1/2. The penalty is equal to 10 percent of the amount that you withdraw.
2023-05-17 11:50:11
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Zoe Kim
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If your mutual funds are held inside of a traditional IRA, you will pay a tax penalty in most cases if you withdraw the money before you reach age 59 1/2. The penalty is equal to 10 percent of the amount that you withdraw.