What is the penalty for withdrawing from Fidelity?
Fidelity Investments does not charge an institutional penalty fee for withdrawing money from your brokerage accounts, but early withdrawals from tax-advantaged retirement accounts before age 59.5—such as traditional IRAs or 401(k) plans—typically trigger a mandatory 10% IRS early withdrawal penalty in addition to ordinary federal and state income taxes, unless a valid statutory exception applies. Withdrawals from Roth accounts follow distinct rules where contributions can be withdrawn penalty-free anytime, while earnings may incur taxes and penalties if removed prematurely.
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