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Early IRA Distribution for Addiction?

Legal News, Senney Says by Jeff Senney, Workers' Compensation and Employment LawBy Pam ThomasJuly 13, 2020

Addiction – Not Generally an Exception to Early Withdrawal Penalty Under the federal tax code, individuals who take an early distribution from a retirement plan or traditional IRA are subject to a 10% tax.  There are several exceptions that apply.  One of these exceptions is a distribution made to an individual who has suffered a…

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