The National Directory of Certified Public Accountants

Ask A CPA - Investments & Financial Planning

Is There A Way For Me To Withdraw Money From My IRA If I Need It Temporarily, And Then Put It Back?

Yes. As long as you replace the funds within 60 days, you can withdraw the funds and not be taxed or be subject to the 10% penalty if under age 59 1/2 years old.

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