DiscoverMoney GirlShould I Take an IRA Withdrawal to Pay Off My Car?
Should I Take an IRA Withdrawal to Pay Off My Car?

Should I Take an IRA Withdrawal to Pay Off My Car?

Update: 2024-11-08
Share

Description

Laura answers a listener’s question and reviews the rules and updated penalty exceptions for traditional IRA withdrawals. 

Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.

Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.

Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.

Money Girl is a part of Quick and Dirty Tips.

Links: 

https://www.quickanddirtytips.com/

https://www.quickanddirtytips.com/money-girl-newsletter

https://www.facebook.com/MoneyGirlQDT

https://twitter.com/LauraAdams

https://lauradadams.com/

Comments 
Top Podcasts
The Best New Comedy Podcast Right Now – June 2024The Best News Podcast Right Now – June 2024The Best New Business Podcast Right Now – June 2024The Best New Sports Podcast Right Now – June 2024The Best New True Crime Podcast Right Now – June 2024The Best New Joe Rogan Experience Podcast Right Now – June 20The Best New Dan Bongino Show Podcast Right Now – June 20The Best New Mark Levin Podcast – June 2024
In Channel
8 Money Rules for Happy Couples

8 Money Rules for Happy Couples

2024-11-2015:07

What Should I Do With Extra Money Right Now?

What Should I Do With Extra Money Right Now?

2024-11-1520:30

7 Saving and Retirement Rule Changes for 2025

7 Saving and Retirement Rule Changes for 2025

2024-11-1315:19

Should I Take an IRA Withdrawal to Pay Off My Car?

Should I Take an IRA Withdrawal to Pay Off My Car?

2024-11-0815:27

How to Get Benefits and a Health Plan as a Solo Business Owner

How to Get Benefits and a Health Plan as a Solo Business Owner

2024-11-0642:17

Should I Create a Roth IRA Conversion Ladder?

Should I Create a Roth IRA Conversion Ladder?

2024-11-0120:58

6 Required Minimum Distribution (RMD) Retirement Rules You Should Know

6 Required Minimum Distribution (RMD) Retirement Rules You Should Know

2024-10-3016:25

What Types of Income Qualify for an IRA Contribution?

What Types of Income Qualify for an IRA Contribution?

2024-10-2518:11

Pros and Cons of a Home Equity Line of Credit (HELOC)

Pros and Cons of a Home Equity Line of Credit (HELOC)

2024-10-2319:17

How Does a SEP-IRA Work?

How Does a SEP-IRA Work?

2024-10-1817:14

What's the Cheapest Way to Sell a Home?

What's the Cheapest Way to Sell a Home?

2024-10-1618:20

Can I Contribute the Family Limit to a Health Savings Account (HSA)?

Can I Contribute the Family Limit to a Health Savings Account (HSA)?

2024-10-1117:59

The Basics of Investing in Mutual Funds

The Basics of Investing in Mutual Funds

2024-10-0919:31

Should I Sell Investments at a Loss for Taxes?

Should I Sell Investments at a Loss for Taxes?

2024-10-0415:41

How to Get Retirement Matching Without an Employer

How to Get Retirement Matching Without an Employer

2024-10-0216:33

Am I Saving Enough for Retirement?

Am I Saving Enough for Retirement?

2024-09-2717:35

4 Ways to Fund a Roth No Matter Your Income

4 Ways to Fund a Roth No Matter Your Income

2024-09-2518:15

How Should a Novice Investor Get Started?

How Should a Novice Investor Get Started?

2024-09-2019:27

Tips for Better Charitable Giving No Matter Your Budget

Tips for Better Charitable Giving No Matter Your Budget

2024-09-1839:02

How Can I Get an Affordable Self-Employed Benefits Package?

How Can I Get an Affordable Self-Employed Benefits Package?

2024-09-1319:36

loading
Google Play
Download from Google Play
Castbox
Download from App Store
usUnited States
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Should I Take an IRA Withdrawal to Pay Off My Car?

Should I Take an IRA Withdrawal to Pay Off My Car?

Macmillan Holdings, LLC