Early Withdrawal Penalty
Gold IRA Glossary
An additional 10% tax that generally applies when you take money out of an IRA before age 59 1/2, on top of the ordinary income tax due. The IRS allows exceptions in specific situations, such as certain medical expenses or a first home purchase. The penalty applies to Gold IRAs the same way it applies to any other IRA, whether the distribution is taken in cash or in metals.
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