Dear Carrie: I was laid off and am seeking employment. I am 60. Would you advise using my IRA funds in an emergency if my unemployment benefits end? What would the penalties be for doing so? — A Reader

Dear Reader: The technical part of this question is easy to answer: There are no penalties for withdrawing money from your IRA once you've reached the age of 59 1/2. Note to those younger than age 59 1/2: If you withdraw IRA funds early, you'll likely face a 10 percent penalty in a ...

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