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› People › Emerson Sprick
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Emerson Sprick
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Finance
finance · CBS News
Beneficiaries who withdraw Trump Account funds before age 59.5 for unqualified reasons incur a 10% early withdrawal penalty, according to Emerson Sprick of the Bipartisan Policy Center.
“However, if beneficiaries tap their Trump Account funds before age 59.5 for an unqualified reason, they will incur a 10% early withdrawal penalty, as with traditional IRAs, according to Sprick.”
10 %
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