Withdrawing $5,000 is legal and common, but it can trigger delays, questions, and limits most people do not expect.

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. You can pull funds from ...

How much you'll pay in taxes depends on your income and from which account you withdrew the funds. Adults under age 59 1/2 may have to pay an additional penalty for retirement account withdrawals ...