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Tough life (lemmy.ml)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 1 year ago (2 children)

This is why you gotta use a Roth IRA, if you pull from it before 59 it's heavily taxed. Forces you to save

[–] Kimjongtooill 2 points 1 year ago

Pretty sure you can pull contributions before 59 at anytime penalty free. Gains though and yeah you'll pay penalties and taxes on.

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