Traditional IRA withdrawals how to minimize taxes

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If you withdraw from your Traditional IRS prior to age 59 1/2 you generally receive a 10% early withdrawal penalty.  There are exceptions to this penalty.  I am assuming you are under age 59 1/2 and is the reason for your question.

Some of the exceptions to the penalty include:

• Total and permanent disability
• Qualified education expenses
• Qualified First Time Home buyers

To see the full list of exemptions, click here.