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Greetings, pc0728, and welcome. You wrote:

<<Please let me know the consequenses of an early withdrawal of $80,000 from an IRA rollover account, to put down on a vacation property. This account was a distribution after my husband left one company, then he rolled it over into another IRA account. After a few years this money has grown from stock investments, etc.

Is there any way to get around the penalties? He is 45 years old.>>

That withdrawal was not one that qualifies as an excpetion to the penalty. Therefore, you will pay income taxes on that $80K plus an additional penalty on that amount of 10%, or another $8K. Unfortunately for you, there is no way you will now get around that burden unless you are within 60 days of receiving that money from the 401k and you take immediate action to get it into an IRA before that 60 days expires.

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