Withdrawal is a withdrawal is money you take out of your banking, brokerage, or other accounts. If you withdraw from tax-deferred retirement accounts before you turn 59 1/2, you may owe a 10% early withdrawal penalty plus any income tax that's due on the amount. In everyday usage, the term withdrawal is used interchangeably with distribution to describe money you take from your tax-deferred accounts, though distribution is actually the correct term.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). withdrawal. Retrieved September 22, 2026, from http://smartdefine.org/withdrawal/definitions/1166565 |
| Chicago | Barry Goldsmith. 2010. "withdrawal" http://smartdefine.org/withdrawal/definitions/1166565 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, withdrawal, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/withdrawal/definitions/1166565>. |
| MLA | Barry Goldsmith. "withdrawal" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/withdrawal/definitions/1166565> |