Tag: IRA withdrawals

Piggy Bank on a Desk with a Post-It that says IRA

It’s Too Easy to Take Money from IRAs

MarketWatch Blog by Alicia H. Munnell

January 15, 2014

Current provisions encourage leaving the 401(k) system. I’ve been thinking a lot about leakages from retirement accounts lately. The system we have is not very sensible. Money escapes when people change jobs with no rationale for such distributions. Yes, the participant faces a 10-percent penalty in addition to federal and state income taxes, but that…

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