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For an early distribution from a retirement account do you have to pull the full amount in order NOT to pay the 10% early withdrawal penalty for an emergency use.
The IRS states: one distribution per calendar year for personal or family emergency expenses, up to the lesser of $1k or vested account balance over $1k. Does it have to be the full amount sitting in the account over $1k or could it be a portion of it?
‎February 13, 2025
10:38 AM