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Werewolfdad t1_j2bn5nm wrote

Reply to comment by Escape2Freedom in Penalties For Withdrawing from My Vanguard Index Fund Early?? by Escape2Freedom

You buy funds inside of accounts. What type of account is it in?

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Escape2Freedom OP t1_j2bo928 wrote

Individual taxable account.

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Werewolfdad t1_j2boikh wrote

Those don’t have penalties. Taxes depend on your gain or loss

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Escape2Freedom OP t1_j2bomle wrote

Okay that's kind of a relief. Sounds better than withdrawing from my 401k account.

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Bad_DNA t1_j2bxjxl wrote

Yes, you leave tax-advantaged accounts alone until you have exhausted all other accounts. But why do you have to withdraw? No job? Emergency spend? Bad budgeting?

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