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Retiring in Your 50s? You Need to Know These 3 Important Retirement Account Rules.


Retiring in your 50s sounds great in theory, but it brings an unexpected challenge: accessing your retirement savings without penalty. Normally, the IRS charges you a 10% penalty for every withdrawal you make before age 59 1/2, unless it's for a qualifying reason, like a large medical or higher education expense.

But there are ways for savvy savers to crack open their nest eggs without extra fees. Here are three you should know about.

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Source Fool.com


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