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I need to make an early withdrawal from my rollover IRA to pay bills, groceries.
I need to make an early withdrawal from my rollover IRA to pay bills, groceries. I’ve looked at other options, and this is the best one for my situation. I know that it’s taxed as income plus an additional 10% penalty. My question is are you legally allowed to withdraw early just to pay bills, or are you limited to the particular hardships that the IRS lists? It’s either do this or get utilities shut off and not get grocerie...
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