Five Perfectly Legal Ways to Use Your Retirement Savings Early

As the term suggests, retirement savings are generally used once you reach retirement age — which the IRS defines as 59 ½ years or older. However, there are some special circumstances under which you might be able to use money in your retirement accounts early, and without paying an early withdrawal penalty. Some of these are specific to either a 401(k) or IRA account, and others apply to any retirement account.

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Source: Matthew Frankel, The Motley Fool


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