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How to Protect IRAs From Excise Taxes and Penalties

These are costly but avoidable in many cases.
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Individual retirement account excise taxes and penalties range from 6% to 25% and can eat into or even completely erode an IRA’s accrued earnings. But an IRA-savvy advisor can help avoid these excise taxes by working with IRA owners to take preventive measures, take advantage of exceptions and make timely corrections.

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