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It does not, however, include investment income such as interest, dividends or profits from sales. It also does not include earnings from pensions or annuities. Tax-Free 60-Day Withdrawals IRA funds can be withdrawn tax-free and over 50 pics penalty-free for 60 days, provided the full amount is returned to the account within this time period. The money can be returned to the same account or to a new IRA. In over 50 pics effect, this is like being able over 50 pics to take a short-term, interest-free loan from your IRA. However, you can do this just once in any 12-month period. If you don't replace the money within 60 days, you will owe income tax on the withdrawal and generally a 10 percent penalty if you are under age 59 1/2. From SmartMoney.com. Copyright © 2005 SmartMoney.com. All rights reserved. Reprint & E-Print information Newsletters Starting a Business Growing a Business Tech/Ebiz Franchise News Sales & Marketing Special Offers Biz Opportunities Technology Home Business Entrepreneurs Sales Subscribe Today & Get FREE E-Books Privacy Policy Find franchises and business opportunities at Entrepreneur's Opportunity Finder Quick Browse: Low-Investment International Retail Business Services Food & Restaurants Homebased Part-Time Computer & Tech Browse by category: Select category Main Menu Automotive Business & Financial Children's Products/Svcs.
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