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New Member
posted Jun 10, 2025 6:21:25 PM

Does anyone know how to pull out of my retirement money at eighteen and not get penalized? I have Tiaa from a job I left due to relocation. I want to use it for school.

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1 Replies
Level 15
Jun 10, 2025 7:32:57 PM

If your withdrawal plus your other income will be less than the single standard deduction of $15,000 you won’t owe tax but there will be a 10% penalty. The penalty is waived if you have an IRA and the withdrawal is used for education expenses.