Withdrawals from an IRA prior to age 59½ generally are subject to taxes and a penalty.

Name: Withdrawals from an IRA prior to age 59½ generally are subject to taxes and a penalty.
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Withdrawals from an IRA prior to age 59½ are generally subject to a 10% early withdrawal penalty in addition to income taxes. However, there are certain exceptions and alternatives that may allow for penalty-free withdrawals.

Withdrawals from an IRA Prior to Age 59½ Generally Are