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I am moving from a 401k into an IRA.
I have noticed that the Foolish Four stocks generate dividends which I GUESS are automaticly reinvested back into the stock that generated the dividend. And so it goes until I desire to start withdrawing at age 59 1/2.
What happens if I want to take one of the companies dividends and withdraw it?
1. Will I be penalized for the withdrawal?
2. If I have held the stock for a year and a day it is long term gain and should be taxed that way but is that tax on top of the penility?

The bottom line is that I need "a little extra" each month to make ends meet. How can I go this with the least Pain?
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